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 ...

Students of statistics and researchers in search of a stats review will appreciate the Probability-Distributions app designed by Dr. Matthew Bognar at the University of Iowa. The app includes ...

The probability distributions of future temperatures are useful for anticipating climate adaptation. For example, an assessment of how high we should build a dyke today, intending it to serve for more ...