Continuous Probability Distributions Definitions Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take ...

A discrete distribution is a statistical probability distribution that represents the possible discrete values a variable can take.

Expert judgment elicitation is often required in probabilistic decision making and the evaluation of risk. One measure of the quality of probability distributions given by experts is calibration-the ...

Discrete Probability Distributions Definitions Area of Opportunity: (for Poisson distribution) a continuous interval (time, length, area, volume, etc). Binomial Distribution has the following ...