Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for practical financial analysis.

In statistical analysis, a sampling distribution examines the range of differences in results obtained from studying multiple samples from a larger population.

The sets of probabilities in Equations 2 and 3 are called probability distribution functions . For these two cases, the functions are discrete, having values only at the integer mesh points.

In cases where the utility function is increasing with upper and lower bounds then the utility function can be characterized by a distribution function, and we can take advantage of the various ...

When do probability distribution functions (PDFs) about future climate misrepresent uncertainty? How can we recognise when such misrepresentation occurs and thus avoid it in reasoning about or ...

Probability is one of those things we all get wrong... deeply wrong. The good news is we're not the only ones, says John Haigh , a mathematician at the University of Sussex in Brighton, UK, and ...