Discover how the Central Limit Theorem (CLT) facilitates statistical analysis by approximating normal distribution in large sample sizes, regardless of population distribution.
Discover how the log-normal distribution is used in financial analysis, its differences from the normal distribution, and practical applications in tools like Excel.
Learn the essentials of the Empirical Rule in statistics, discover its key takeaways, practical applications, and find easy-to-understand examples specially tailored for both academic and real-world scenarios such as investing and risk analysis.