The other distinction is between the probability density function (PDF ... Gravity, for example, has an elegant formula that we can depend on, time and again. Financial asset returns, on the ...

Here, you will explore the basics of probability, including key terms, types of events, and important formulas ... Distribution: A probability distribution is a mathematical function that ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...