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Standard Normal Random Variable
A normal distribution with a mean of 0 and standard deviation of 1, used as a reference to determine probabilities for normal distributions.
Negative Value
A value less than zero, representing quantities opposite in direction or position to a reference point.
Z-score
A measurement of how many standard deviations a data point is from the mean of a data set.
Position
In a general sense, the location or placement of an object or entity; in data analysis, it might refer to the rank or order of a data point within a dataset.
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