A random distribution of events that is graphed as the famous "bell-shaped curve." It is used to represent a normal or statistically probable outcome and shows most samples falling closer to the mean ...
All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
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