Business, Legal & Accounting Glossary
Bell curve is statistically a large and random sample which, when measured, will produce a bell curve on a bar chart – the scale measurement being along the x-axis and the total occurrences within the sample up the y-axis.
If one took as a sample all the inhabitants of Greater London as a suitably large group and then made measurements i.e. height, weight, or wealth, a distribution would occur around the mean. Hence, there would be few at the extremes – the majority being near to the middle. This is defined on a Market Profile chart as the Value Area.
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This glossary post was last updated: 15th February, 2020 | 0 Views.