Probability Distribution: A function that describes all the values a random variable can take and the probability associated with each. Also called a probability function.

 

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Probability Distribution: A function that describes all the values a random variable can take and the probability associated with each. Also called a probability function.

Normal Probability Distribution: A probability distribution for a continuous random variable that forms a symmetrical bell-shaped curve around the mean. This distribution has no skewness or excess kurtosis.

Minimum Required Distribution (MRD): A minimum required distribution is the smallest amount you can take each year from your retirement savings plan once you've reached the mandatory withdrawal age. There are MRDs for 401(k) pl . . . View Full Definition

Primary Distribution: Sale of a new issue of stock or bonds, as distinguished from a secondary distribution.

Microwave Multi Distribution System (MMDS): Distributes signals by microwave. Home receiver picks up signal, then distributes via internal wiring.

Lump-Sum Distribution: When you retire, you may have the option of taking the value of your pension, salary reduction, or profit-sharing plan in different ways. For example, you might be able to take your money in . . . View Full Definition

Local Mulitpoint Distribution Service (LMDS): Located in the 28 GHz and 31 GHz bands, LMDS is a broadband radio service designed to provide two-way transmission of voice, high-speed data and video (wireless cable TV).

Aggregated Spatial Distribution: A case where individuals in a space occur in clusters too dense to be explained by chance

Probability: The relative likelihood of a particular outcome among all possible outcomes.

Probability Density Function: The function that describes the change of certain realizations for a continuous random variable.