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

In addition to predicting future sales levels, probability distribution can be a useful tool for evaluating risk. Consider, for example, a company considering entering a new business line.

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 ...

All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

The course covers the probability, distribution theory and statistical inference needed for advanced courses in statistics and econometrics. Michaelmas term: Probability.

The classical method of studying a cumulative sum control scheme of the decision interval type has been to regard the scheme as a sequence of sequential tests, to determine the average sample number ...