Probability concepts form the foundation for statistics.

A formal definition of probability:

The probability of an outcome is the proportion of times the outcome would… 1,057 more words

Probability concepts form the foundation for statistics.

A formal definition of probability:

The probability of an outcome is the proportion of times the outcome would… 1,057 more words

I always learn something new from the brilliant folk at GMO, this chart speaks volumes, let me see if I can summarize it. When you have a normal distribution of returns, the average and the most likely are equal to each other. 40 more words