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This lesson is a part of the course Common Probability Distributions
A normal distribution can be described using just two parameters, namely (μ), mean and variance (σ2).
In a normal distribution, these two variables could take any value. For example, for a normally distributed stock portfolio, the mean could be 10% and the standard deviation could be 20%.
A standard normal distribution is a standardized form of normal distribution with a mean μ = 0 and standard deviation σ = 1.
