When a dataset from a non-negative random variable contains zero or very small observations, the folded-normal distribution (FND) can be an appropriate model for fitting the data. Such data includes ...

Wind is one of the green energy sources, but it has some fluctuations in speed and direction. Many researchers have worked on analyzing the wind speed attributes in order to find the best place for ...

Expressing the probability distribution of the compressive strength of concrete through Weibull distribution functions fails to account for its size dependence, while normal and lognormal ...

What exactly is an Anderson-Darling test? Testing for normality is often the first step in analyzing your data. Many ...

All of statistics and much of science depends on probability—an astonishing achievement, considering no one’s really sure what it is ...

Interest Rate Probability Distributions is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives.

Key Points Normality refers to how your data fits into a normal distribution. You can find out if your data is uniform by ...

Suppose the distribution fits the data well when plotting points on a probability plot graph. In that case, these points will fall almost on a straight line (superimposed on, or very close to, the ...

Learn how to use box plots to visualize and compare probability distributions, and how to create them in R. Box plots show the median, IQR, range, and outliers of a distribution.

Spread the loveProbability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, ...