The multinomial distribution is a type of probability distribution used in finance to determine the likelihood of a certain set of outcomes.

In this article we review two historical approximations to the Poisson and binomial cumulative distribution functions (CDFs); that is, the Wilson—Hilferty and Camp—Paulson approximations. Both of ...

For a spherically symmetric multivariate normal random sample, the asymptotic distribution of the largest interpoint Euclidean distance is derived. The number of interpoint distances exceeding a high ...

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

There are fundamental reasons why the normal distribution is a reasonable approximation in many development and manufacturing settings, but there are also practical reasons why data may not exactly ...