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Definition of Probability function
A function that assigns a probability to each and every possible outcome.
The probability function for a continuous random variable.
Also called a probability function, a function that describes all the values that the random variable can
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
The probability of not achieving a portfolio expected return.
The relationship between consumption demand and disposable income. More generally, it refers to the relationship between consumption demand and all factors that affect this demand.
A function that shows the probability that the random variable will
a separation of costs into groups based on the similar reason for their incurrence; it includes
A probability distribution for a continuous random variable that is forms a
the linear mathematical equation that
The relative likelihood of a particular outcome among all possible outcomes.
A list of all possible outcomes and the chance of each outcome
a range of possible values for which each value has an assigned likelihood of occurrence
A mathematical expression that assigns a value to all possible choices. In portfolio theory the
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