Probability Distribution (Discrete & Continuous)

Home YouTube Twitter Facebook Instagram WhatsApp Telegram Probability Distribution (Discrete & Continuous) A probability distribution is a mathematical function that describes the probability of different possible values of a variable. In other words, it is a way of expressing how likely it is for a variable to take on a certain value. Probability distributions can be used to model a wide variety of phenomena, such as the outcome of a coin toss, the height of a person, or the return on an investment. There are two main types of probability distributions: discrete and continuous. Discrete distributions are used to model variables that can only take on a limited number of values. For example, the probability distribution for the outcome of a coin toss is discrete, because it can only be heads or tails. Continuous distributions are used to model variable...