I am not sure if I should be starting this thread in level 2 forum or level 1 forum. I’ve chosen it to be on level 2 forum anyway. Probably because I am a level 2 candidate myself. Just done with the exam but still cant keep myself from studying. I’d say I’m suffering from obsessive compulsive behavior.
I am reading this book “STATISTICAL_ANALYSIS_WITH_EXCEL_FOR_DUMMIES” and working to improve my excel capabilities. Anyone who wants to put into practice the concepts they learnt in two level of CFA, should read this book. Its a great book.
Anyway, I am stuck on the topic Normal Distribution (calculated through NORMDIST function) and Standard Normal Distribution (calculated through NORMSDIST function). I am a little confused on the concept behind normal distribution and standard normal distribution. I understand that Standard Normal Distribution is a normal distribution which has its mean = 0 and SD = 1.
Can someone please tell me the similarities and differences between normal distribution and standard normal distribution?. Also any other important concepts of each