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 ...

The normal distribution is the probability distribution that plots all of its values along a symmetrical bell curve, with the highest probabilities centered around the mean value and tapering out ...

The use of the correlation coefficient is suggested as a technique for summarizing and objectively evaluating the information contained in probability plots. Goodness-of-fit tests are constructed ...

Application of Weibull distribution in a generalized way to estimate wind potential cannot always be advisable. The novelty of this work is to estimate wind potential using Normal probability density ...