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What do we mean when we call theory "strategic simplification"?
50th Percentile
Also known as the median, it is the value below which 50% of the data points in a data set lie.
Normal Distribution
A statistical distribution where the data forms a symmetrical bell-shaped curve, with the mean, median, and mode all equal and in the center.
Standard Normal
A special case of the normal distribution where the mean is 0 and the standard deviation is 1.
10th Percentile
The value below which 10% of observations in a data set fall.
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