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

Measuring normal probability can be an aid in any type of situation in which you have uncertainty about the outcome. If currently using a distribution that does not fit the data, giving normal ...

You can use the RAND () function to establish probability and create a random variable with normal distribution.

Animator Shuyi Chiou and the folks at CreatureCast give an adorable introduction to the central limit theorem – an important concept in probability theory that can reveal normal distributions (i ...

Von Mises distribution: A fundamental probability distribution in circular statistics, analogous to the normal distribution in linear settings.

In this article we review two historical approximations to the Poisson and binomial cumulative distribution functions (CDFs); that is, the Wilson—Hilferty and Camp—Paulson approximations. Both of ...

This is a preview. Log in through your library . Abstract The problem of constructing tolerance limits for a normal universe is considered. The tolerance limits are required to be such that the ...

By definition, a fat tail is a probability distribution which predicts movements of three or more standard deviations more frequently than a normal distribution.