# Probability function

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Related to Probability function: Probability density function, Probability mass function

## Probability function

A measure that assigns a likelihood of occurrence to each and every possible outcome.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

## Probability Function

In statistics, a measure of the probable distribution of some random variable. When plotted on a chart, the area under the graph represents the probable values of the random variable. It is used in foreign exchange and equities as a means of assessing probable future market trends.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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