Everyone agrees the normal distribution isn't a great statistical model for stock market returns, but no generally accepted alternative has emerged. A bottom-up simulation points to the Laplace ...

The Central Limit Theorem is a statistical concept applied to large data distributions. It says that as you randomly sample data from a distribution, the means and standard deviations of the samples ...

Imagine a number line, extending in both directions infinitely. Above this line we might graph bars that represent the proportion of observations of something that fall within any given interval on ...

Animator Shuyi Chiou and the folks at CreatureCast give an adorable introduction to the central limit theorem – an important concept in probability theory that can reveal normal distributions (i.e.

The normal distribution is pretty cool. It’s a mathematically determined probability distribution that does a good job of describing the patterns of variability between scores for many variables in ...