Learn how probability distributions help investors assess potential returns and manage risks on assets like stocks. Discover key types: discrete and continuous distributions.

The normal distribution (also known as the Gaussian distribution) is arguably the most important distribution in Statistics. It is often used to represent continuous random variables occurring in ...

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).