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Expected useful life is
Normal Random Variable
A variable that follows a normal distribution, characterized by its bell-shaped curve, where the mean, median, and mode are all equal.
Standard Normal Distribution
A probability distribution that has a mean of zero and a standard deviation of one, used in many areas of statistical analysis.
Symmetrically Distributed
A description of a data distribution where, on a graph, the left and right sides of the distribution are approximately mirror images of each other.
Normally Distributed
A type of continuous probability distribution characterized by a symmetrical, bell-shaped curve, where the mean, median, and mode are all equal.
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