Noted mathematician Carl Friedrich Gauss gave us the normal distribution or bell curve.
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In the former scenario, the tail of the distribution thins out more slowly in the power law scenario than it does in the normal distribution.
We went from being the normal distribution of audience that you see on any publishing platform right, so Reddit, YouTube, WordPress, any of these platforms, 1 percent of the traffic, 1 percent of the activity is logged in users that are making the stuff, the creators, and 99 percent of the traffic comes from the audience, people that show up on YouTube and watch the videos, right?
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First, I fear that the concept of the new normal confuses the distribution of economic outcomes (and forecasts thereof) with the distribution of asset markets.
Since both are affected by gravity they are attracted to each other, so the distribution of normal, visible matter acts as a proxy for the distribution of dark matter.
To see what was going on, Dr Hansen superimposed the actual curves for each decade from the fifties to the noughties on a normal distribution, which acted as a reference curve.
The distribution of normal matter in the early universe (380, 000 years after everything began, which was 13 billion years ago) was worked out a few years ago by looking at the background of microwaves left over from that early epoch.
They think that financial markets follow natural distributions, and, I won't go into this forever, but one remark I will leave with you is the financial world follows a normal distribution pattern.
For folks turning 70 and a half this year, they have the normal option of taking their 2011 distribution this year or deferring until April 1, 2012.
If we add greater uncertainty, as reflected by the distribution of the new normal, to the mix, then the difficulty of investing based upon economic forecasts is likely to be squared!
However, Benoit Mandelbrot asserted that investment returns did NOT follow a normal distribution but instead followed the Pareto-Levy distribution mentioned above.
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The Pakistanis told their American counterparts that at least 77 supply trucks would cross the border Wednesday and build up to normal distribution levels, according to U.S. officials.
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Some fifty years later, it is well settled that the distribution of investment returns is not normal (in a Gaussian sense).
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The rest of the distribution typically 10 percent to 20 percent is taxed at normal income tax rates.
Among people of Chinese, Korean or Indian descent, the distribution of boys to girls fell in the normal range for the first child.
It used to be that Wall Street was functioning on the basic idea that financial events were subject to something very like a normal distribution, also known as a bell curve.
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In the distribution channel, sell through has yet to show signs of the normal seasonal increase in a number of end markets including computing and consumer.
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Because this report, in our view, did not resolve whether Iraq was or was not seeking uranium from abroad, it was given a normal and wide distribution, but we did not brief it to the President, Vice-President or other senior Administration officials.
The income from selling apps (or in app purchases) is clearly not running on a normal distribution nor anything close to it.
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