Investopedia / Ellen Lindner A discrete probability distribution counts occurrences that have countable or finite outcomes. A discrete distribution is a probability distribution that depicts the ...

Madelyn Goodnight / Investopedia A probability distribution is a statistical function that describes all values a random variable can take within a given range and the likelihood that they will.

A s is well known, the normal distribution is a key tool in probability and statistics. It can be described as a distribution that obeys a universal rule derived from one of the most important ...

Exponential Distribution: the probability distribution that describes the time between events in a Poisson process. Normal Distribution: a distribution with density function . It is bell-shaped and ...

Equivalent combinations may be accepted at the lecturer’s discretion. The course covers the probability and distribution theory needed for advanced courses in statistics and econometrics.: Topics ...