Normal probability distribution is assumed in financial models; however, the returns of many securities tend to demonstrate a non-normal distribution.

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

For a spherically symmetric multivariate normal random sample, the asymptotic distribution of the largest interpoint Euclidean distance is derived. The number of interpoint distances exceeding a high ...

Since the point pattern is curved with slope increasing from left to right, a theoretical distribution that is skewed to the right, such as a lognormal distribution, should provide a better fit than ...

For more information about the SPEC statement, see . The agreement between the empirical and the normal distribution functions in Output 2.1.1 is evidence that the normal distribution is an ...

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 ...