The Role of Probability Distribution in Business Management. Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more ...

Starting with a Borel probability measure P on X (where X is a separable Banach space or a compact metrizable convex subset of a locally convex topological vector space), the class F (P), called the ...

The multinomial distribution is a type of probability distribution used in finance to determine the likelihood of a certain set of outcomes.

Advances includes a section dedicated to stochastic geometry and its statistical applications. The Applied Probability Trust is a non-profit publishing foundation established in 1964 to promote study ...

Cumulative probability distribution A function that shows the probability that the random variable will attain a value less than or equal to each value that the random variable can take on.