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#reading-8-statistical-concepts-and-market-returns #skewness

The normal distribution has the following characteristics:

  • Its mean and median are equal.

  • It is completely described by two parameters—its mean and variance.

  • Roughly 68 percent of its observations lie between plus and minus one standard deviation from the mean; 95 percent lie between plus and minus two standard deviations; and 99 percent lie between plus and minus three standard deviations.

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