Normal Probability Distributions
Abdulla explains the normal distribution, which is one of the most widely used of all probability distributions. He discusses its basic characteristics and how to determine probability based on the distance from the average.
Overview
The normal distribution is a popular technique in statistics that shows the probability of different outcomes in an experiment. Terms such as mean and standard deviation are crucial in being able to interpret the curve.
Key learning objectives:
Define and understand what the normal distribution is
Identify the relationship between mean, standard deviation and the probability of a given outcome
Summary
Expert
Abdulla Javeri
Abdulla’s career in the financial markets started in 1990 when he entered the trading floor of the London International Financial Futures Exchange, LIFFE, and qualified as a pit trader in equity and equity index options. In 1996, Abdulla became a trainer for regulatory qualifications and then for non-exam courses, primarily covering all major financial products.
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