Bell Curve

Search Dictionary

Definition of 'Bell Curve'

A bell curve is a type of frequency distribution that is often used in statistics. It is a symmetrical curve that is bell-shaped, with the highest point in the middle and the curve tapering off on either side. The bell curve is also known as a normal distribution.

The bell curve is used to represent the distribution of many different types of data, such as test scores, heights, and weights. In a normal distribution, the mean, median, and mode are all equal. This means that the most common value is the same as the average value. The bell curve also has two standard deviations, which are used to measure how spread out the data is.

The bell curve is a useful tool for understanding the distribution of data. It can be used to identify outliers, which are data points that are significantly different from the rest of the data. The bell curve can also be used to make predictions about future data.

There are a number of different types of bell curves. The most common type is the symmetrical bell curve, which is the one that is described above. However, there are also asymmetrical bell curves, which are not symmetrical around the mean. These types of bell curves can be used to represent data that is not normally distributed.

The bell curve is a powerful tool that can be used to understand and analyze data. It is a versatile tool that can be used in a variety of different applications.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.