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 ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

Integration techniques can be used to determine probabilities for any probability that is continuous. The function that models this probability is called a probability density function. A probability ...

School of Mathematical Sciences, Rochester Institute of Technology, Rochester, New York, USA. There are commonly used, continuous probability distributions of one variable, such as the normal ...

Amusement park patrons, wanting to go on a log ride, might not have to wait in line at all, they might have to wait for hours, or the wait could be anywhere in between. For a random log rider, the ...