Probability distribution

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Probability distribution is a listing, chart, or graph of all possible outcomes, such as expected rates of return, with a probability assigned to each outcome.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Probability distribution. A listing, chart, or graph of all possible outcomes, such as expected rates of return, with a probability assigned to each outcome.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Probability distribution. Describes the likelihood (or the probability) that each of the mutually exclusive and collectively exhaustive set of events will occur.

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