Examlex
If substitutes for a good are readily available,the demand for that good
Normally Distributed
Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.
Mean
The average value of a set of numbers, indicating the central point of a data distribution.
Standard Normal
A normal distribution with a mean of zero and a standard deviation of one, used as the basis for z-scores in statistics.
Standard Deviation
A metric that calculates how much a dataset's values spread out or diverge from their average.
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