In this episode, we continue laying the foundations of our mathematical treatment of risk. In particular, we introduce the cumulative distribution function, or CDF, as a tool for describing the probabilistic behavior of a random variable. We illustrate this with a simple example and discuss the basic characteristics of this interesting non-decreasing function, which will soon help us address very practical matters. Are you ready to take the risk and follow Galileo's suggestion?
Podden och tillhörande omslagsbild på den här sidan tillhör
Pasquale Cirillo. Innehållet i podden är skapat av Pasquale Cirillo och inte av,
eller tillsammans med, Poddtoppen.