However, there are drawbacks to normal probability and it can be difficult to determine whether or not a sample truly follows a normal distribution.

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

For more information about the SPEC statement, see . The agreement between the empirical and the normal distribution functions in Output 2.1.1 is evidence that the normal distribution is an ...

where and represent the normal probability density and cumulative distribution functions. The following table shows a subset of the Mroz (1987) data set. In this data, Hours is the number of hours the ...

The problem of constructing tolerance limits for a normal universe is considered. The tolerance limits are required to be such that the probability is equal to a preassigned value β that the tolerance ...