Examlex
There is agreement within the auditing profession and the courts that the auditor is
Standard Normal Probability Distribution
A normal distribution with a mean of 0 and a standard deviation of 1, used in statistical analysis to represent standardized values of a dataset.
Probability Density Function
A function that describes the likelihood of a random variable to take on a particular value.
Continuous Random Variable
A variable whose value is not fixed and can assume an infinite number of values within a given range.
Normal Probability Distribution
A bell-shaped distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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