Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

This column is the fourth in a series on parameter estimation, leading up to the justly famous Kalman filter. The discipline is based on the fact that our knowledge of the state of any real-world ...

Over the last few decades, Lean Six Sigma has become an integral part of the world of business. It is one of the most ...

As with all probability distributions, the Normal Distribution describes how the values of your data are distributed. Subsequently, it is one of the most important probability distributions in ...

The probability density function of a uniform random variable looks like a horizontal line segment over the support. This indicates that for any interval of a given length within the support, the ...