Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for ...

In cases where the utility function is increasing with upper and lower bounds then the utility function can be characterized by a distribution function, and we can take advantage of the various ...

The analysis of data on aircraft instrument landing approaches showed that the deviations of the actual flight paths from a desred (ILS) flight path could not be described in statistical terms with ...

When do probability distribution functions (PDFs) about future climate misrepresent uncertainty? How can we recognise when such misrepresentation occurs and thus avoid it in reasoning about or ...

The Role of Probability Distribution in Business Management. Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more ...

The course covers the probability, distribution theory and statistical inference needed for advanced courses in statistics and econometrics. Michaelmas term: Probability.