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Normal random variable
Normal random variableA random variable that has a normal probability distribution. RELATED TERMS-------------------------------------- Variable A quantity that is liable to change; the adjective describing such a quantity. Probability The relative likelihood of a particular outcome among all possible outcomes. Distribution Selling a large lot of a security in such a way that the security price is not heavily influenced. SIMILAR TERMS-------------------------------------- Normal annuity form The manner in which retirement benefits are paid out. Normal backwardation theory Holds that the futures price will be bid down to a level below the expected spot price. NORMAL CITY EMPLOYEES Credit Union NORMAL CITY EMPLOYEES is a credit union with head office in NORMAL, IL Normal course issuer bid The action of a company buying back its own outstanding shares from the markets so it can cancel them. Normal distribution The well known bell shaped curve. According to the Central Limit Theorem, the probability density function of a large number of independent, identically distributed random numbers will approach the normal distribution. Normal growth firms Companies whose earnings grow at a constant rate. Normal investment practice The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue. 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 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 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 retirement The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Normal retirement age The age at which an individual normally retires (60 to 70 for men and 55 to 70 for women). Men qualify for the state pension at 65 and women currently qualify at 60. Normal trading unit The normal size of a securities order. A normal trading unit for shares is 100. Also called a round lot. Normal yield curve A chart showing long-term debt instruments having higher yields than short-term debt instruments. Normalized earnings Earnings that have been adjusted in order to take into account the effect of cycles in the economy. Normalizing method Making a change in the income account equivalent to the tax savings realized through the use of different depreciation methods for shareholder and income tax purposes, thus washing out the benefits of the tax savings reported as final net income to shareholders. Norman Gross Angola Norman Gross Angola is a major Angolan company. Normandia Investments, SICAV, S.A. Normandia Investments, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. Normative economics Deals with ethical issues and value judgments such as tax and welfare rates, the distribution of income, etc. PREVIOUS AND NEXT TERMS-------------------------------------- Normal growth firms Companies whose earnings grow at a constant rate. Normal investment practice The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue. 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 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 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 Normal retirement The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Normal retirement age The age at which an individual normally retires (60 to 70 for men and 55 to 70 for women). Men qualify for the state pension at 65 and women currently qualify at 60. Normal trading unit The normal size of a securities order. A normal trading unit for shares is 100. Also called a round lot. Normal yield curve A chart showing long-term debt instruments having higher yields than short-term debt instruments. Normalized earnings Earnings that have been adjusted in order to take into account the effect of cycles in the economy. We thank you for using the Financial Dictionary to search for Normal random variable. If you have a better definition for Normal random variable than the one presented here, please let us know by making use of the suggest a term option. This definition of Normal random variable may be disputed by other professionals. Our attempt is to provide easy definitions on Normal random variable and any other medical topic for the public at large.
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