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Who is considered the "first lady of management?"
Standard Deviation
Standard deviation is a measure used in statistics to quantify the amount of variation or dispersion of a set of values.
Normal Distribution
A symmetrical, bell-shaped distribution of data where most of the observations cluster around the central peak and the probabilities of values taper off equally in both directions from the center.
Mean
The average of a set of numbers, calculated by dividing the sum of all the values by the number of values.
Standard Normal Variable
A random variable that has been normalized so that it has a mean of 0 and a standard deviation of 1, following the standard normal distribution.
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