Examlex
The inventory turnover ratio is computed by dividing average merchandise inventory by cost of goods sold.
Normal Distribution
A bell-shaped frequency distribution curve where most occurrences take place in the middle of the range and taper off symmetrically towards both ends.
Standardized Normal Value
A value derived from the process of transforming a data point to fit the normal distribution with a mean of 0 and a variance of 1.
Z-value
A statistical metric indicating how many standard deviations away from the mean a specific data point lies.
Random Variable
A random variable is a variable whose values depend on outcomes of a random phenomenon.
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