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 ...

It is a common practice to approximate a binomial distribution by a suitable normal distribution when n, the number of trials, is moderately large. But when p, the probability of success, is not close ...

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 ...