Normal random variable


 

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Normal random variable

A random variable that has a normal probability distribution.



Normal random variable

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Variable cost

Variable cost

The portion of a firm or industry's cost that changes with output, in contrast to fixed cost.


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Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR.


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An element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are "variables" because they change through time; i.e., they are not constant.


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