The Maxwell–Boltzmann distribution describes the probability distribution of molecular speeds in a sample of an ideal gas.

I know of scarcely anything so apt to impress the imagination as the wonderful form of cosmic order expressed by the ‘Law of Frequency of Error’,” the British polymath Francis Galton wrote in 1889.

Probability distribution is useful for evaluating financial risks involved in choosing one option over another. For example, assume you're considering whether to expand your business to include a ...

In mathematics and statistics, a probability distribution, more properly called a probability density, assigns to every interval of the real numbers a probability, so that the probability axioms ...

Probability Distribution of a Binomial Random Variable with parameters n and p. Since the binomial random variable is a count of the number of successes in n trials, the number of successes can only ...

Probability distributions can be used to create scenario analyses. A scenario analysis uses probability distributions to create several, theoretically distinct possibilities for the outcome of a ...

A uniform distribution is a probability distribution where all outcomes are equally likely. Due to its limited and unique values, a die exhibits uniform distribution.

The multinomial distribution is used in finance to estimate the probability of a given set of outcomes occurring. It's a probability distribution used in experiments with two or more variables.

Consider the equation of the “bell curve” for a Gaussian probability distribution by starting with a very simple equation: Advertisement Without having to draw a picture, we know that the curve ...