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

A uniform distribution is a probability distribution where all outcomes are equally likely. Due to its limited and unique values, a die exhibits uniform distribution.

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 ...

Application of Weibull distribution in a generalized way to estimate wind potential cannot always be advisable. The novelty of this work is to estimate wind potential using Normal probability density ...