Uniform Distribution

  

Categories: Metrics

The passing out of scrubs on the first day of nursing orientation.

In finance, a uniform distribution is a distribution showing the probabilities of the outcomes of a random variable that has all equal (or roughly equal) probabilities for every single outcome. Since the probabilities of rolling any of the numbers 1 through 6 on a fair, six-sided die are all equal, the distribution of probabilities for the random variable of the outcome of rolling that six-sided die would be a uniform distribution...because each probability is equal to every other probability.

Just watch our videos on this one. Spielberg is so proud of having directed them.

Related or Semi-related Video

Finance: What is the normal distribution...3 Views

Up Next

Finance: What is the standard normal distribution?
6 Views

What is the standard normal distribution? Standard Normal Distribution refers to statistical data in technical analysis and the level of standard d...

Find other enlightening terms in Shmoop Finance Genius Bar(f)