Right now, molecules in the air are moving around you in chaotic and unpredictable ways. To make sense of such systems, ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn to assess risk and potential gains.

1 Department of Mathematics, Kotebe University of Education, Addis Ababa, Ethiopia 2 Department of Statistics, Addis Ababa University, Addis Ababa, Ethiopia The main purpose of this paper is to ...

Abstract: While probability distribution functions are crucial for simulating random processes, research on these functions and their features is required. However, studies have demonstrated that in ...

In statistics, the expected value of a random variable is a measure of the central tendency of its probability distribution. In simple terms, it gives you an idea of what value you should expect to ...

This article aimed to present a new continuous probability density function for a non-negative random variable that serves as an alternative to some bounded domain distributions. The new distribution, ...

Probability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, or professional ...