In a number of situations we are faced with the problem of determining efficient estimates of the mean and variance of a distribution specified by (i) a non-zero probability that the variable assumes ...

A discrete distribution is a statistical probability distribution that represents the possible discrete values a variable can take.

Tables are given of the expected value of 1/X, the expected value of 1/X 2, and the standard deviation of 1/X, where X is a variable following a negative binomial distribution whose zero class is ...

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

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