probabilitydist
Probabilitydist, short for probability distribution, is a fundamental concept in probability theory and statistics. It describes the likelihood of different outcomes in a random experiment or process. Each possible outcome is associated with a probability, which is a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
There are two main types of probability distributions: discrete and continuous. Discrete probability distributions deal with
Probability distributions are often characterized by parameters, which are numbers that define the shape, center, and
Probability distributions are used in various fields, including finance, engineering, and science, to model and analyze