Examlex
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Variance
A measure of dispersion in a set of data points, calculated by taking the average of the squared differences from the mean.
Standard Deviation
A statistic that quantifies the dispersion or variability of a dataset, measuring the average distance between each data point and the mean.
Z-score
A quantitative measure that demonstrates the correlation of a specific value to the mean of a dataset, identifying its separation from the mean by counting the standard deviations.
Standard Normal Random Variable
A type of random variable that has a mean of 0 and a standard deviation of 1, following the standard normal distribution.
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