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.

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

Such alternatives have come into being because past attempts at making fuzzy set theory and probability theory work in concert have been unsuccessful. The purpose of this article is to develop a line ...