Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

In 1913, the Russian mathematician Markov counted the first 20,000 characters of Pushkin's verse novel 'Eugene Onegin', ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

In mathematics and statistics, a probability distribution, more properly called a probability density, assigns to every interval of the real numbers a probability, so that the probability axioms are ...

If we plot the probability (density) function (PDF) on a graph with vertical axis as probability and horizontal axis as value of X, then that plot is called a "distribution." The PDF is aptly named ...

One of the goals of statistics is to make inferences about population parameters from a limited set of observations. Last month, we showed how Bayes' theorem is used to update probability estimates as ...