Bell Curve/Normal Distribution

//Bell Curve/Normal Distribution

Bell Curve/Normal Distribution

The normal distribution is a statistical process that leads to the well-known graphical representation of a bell curve, with a meaningful central “average” and increasingly rare standard deviations from that average when correctly sampled. (The so-called “central limit” theorem.) Well-known examples include human height and weight, but it’s just as important to note that many common processes, especially in non-tangible systems like social systems, do not follow the normal distribution.

Source:
Shane Parrish’s Farnam Street Mental Model Guide

2018-09-24T05:58:17+00:00