Normal Probability Distribution: A probability distribution for a continuous random variable that forms a symmetrical bell-shaped curve around the mean. This distribution has no skewness or excess kurtosis.

 

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Normal Probability Distribution: A probability distribution for a continuous random variable that forms a symmetrical bell-shaped curve around the mean. This distribution has no skewness or excess kurtosis.

Normal Random Variable: A random variable that has a normal probability distribution.

Normal Retirement: The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.

Normal Tide: A nontechnical term synonymous with tide; i.e., the rise and fall of the ocean due to the gravitational interactions of the Sun, Moon, and Earth alone. Use of this term is discouraged.

Normality: A measure of solution concentration, defined as the number of equivalents of solute per liter of solution.

Normal Yield: The average historic yield established for a particular farm or area. Can also describe average yields. Normal production would be the normal crop acreage planted multiplied by the normal yi . . . View Full Definition

Normal Portfolio: A customized benchmark that includes all the securities from which a manager normally chooses, weighted as the manager would weight them in a portfolio.

Normal Market Size (NMS): A system that categorizes the size of transactions that are normal for a particular security and forces market makers to deal within these sizes.

Normal Deviate: Related: Standardized value

Normal Crop Acreage: The acreage on a farm normally devoted to a group of designated crops. When a set-aside program is in effect, a participating farm’s total planted acreage of such designated crops plus set-a . . . View Full Definition