By using one of the common stock probability distribution methods of statistical calculations, an investor may determine the likelihood of profits from a holding.

A random variable is one whose value is unknown or a function that assigns values to each of an experiment’s outcomes. A random variable can be discrete or continuous.

Theoretical distributions frequently used to model fire loss amount are discussed. The problem of selecting models solely on the basis of statistics is addressed. Use of probabilistic arguments ...

The problem of finding the probability density function of the product of n identically distributed independent normal variables was solved by Springer and Thompson (1966). Their formulae for n ⩽ 7 ...