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probability distribution

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 sec.
probability distribution [‚präb·ə′bil·əd·ē ‚dis·trə‚byü·shən]
(industrial engineering)


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Table 1 shows the bins we used for each parameter value, the probability distribution that each value parameterizes, and the sources that we used to define the bins.
A lattice model assumes the price of stock underlying an option follows a binomial distribution, a type of probability distribution in which the underlying event has only one of two possible outcomes.
The uncertainty in the measurand, denoted u([mu]), is then defined as the standard deviation of the probability distribution of [mu] based on this linear approximation, that is
 
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