Normal Distribution Probability Density Function: The normal distribution, which the CLT describes, has its own characteristic PDF. This PDF has properties like being symmetrical and having its ...

T-distribution, also known as Student’s t-distribution, is a statistical function that creates a probability distribution. The t-distribution is similar to the normal distribution , with its ...

Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.

Once we have specified the border between appropriate and inappropriate uses of PDFs, we explore alternatives to their use. We briefly describe two formal alternatives, namely imprecise probabilities ...