Uniform Distribution

DEFINITION of 'Uniform Distribution'

In statistics, a type of probability distribution in which all outcomes are equally likely. A deck of cards has a uniform distribution because the likelihood of drawing a heart, club, diamond or spade is equally likely. A coin also has a uniform distribution because the probability of getting either heads or tails in a coin toss is the same.

BREAKING DOWN 'Uniform Distribution'

There are two types of uniform distributions: discrete and continuous. The possible results of rolling a die provide an example of a discrete uniform distribution: it is possible to roll a 1, 2, 3, 4, 5 or 6, but it is not possible to roll a 2.3, 4.7 or 5.5.



RELATED TERMS
  1. Multinomial Distribution

    A distribution that shows the likelihood of the possible results ...
  2. Normal Distribution

    A probability distribution that plots all of its values in a ...
  3. Probability Distribution

    A statistical function that describes all the possible values ...
  4. Long Tail

    In business, long tail is a phrase coined by Chris Anderson, ...
  5. Uniform Simultaneous Death Act ...

    A law used to determine the inheritance when more than one death ...
  6. Discrete Distribution

    The statistical or probabilistic properties of observable (either ...
Related Articles
  1. Fundamental Analysis

    Find The Right Fit With Probability Distributions

    Discover a few of the most popular probability distributions and how to calculate them.
  2. Professionals

    Series 66 Exam Prep: The Uniform Securities Act

    Before you take the series 66, you need to understand the Uniform Securities Act and the Blue Sky Laws.
  3. Term

    What a Normal Distribution Means

    Normal distribution describes a symmetrical data distribution, where most of the results lie near the mean.
  4. Professionals

    Common Probability Distribution Calculations

    CFA Level 1 - Common Probability Distributions - Calculations
  5. Professionals

    Distribution of Returns

    Distribution of Returns
  6. Savings

    Teaching Financial Literacy To Kids: What Is Money?

    Teach your kids what money is and how it works, from bartering, to cash and coin to the concept of credit.
  7. Professionals

    Common Probability Distributions

    CFA Level 1 - Common Probability Distributions - Basics
  8. Professionals

    Common Probability Distribution Properties

    CFA Level 1 - Common Probability Distributions - Properties
  9. Professionals

    The Administrator

    North American Securities Administrators Association (NASAA) As the name indicates, NASAA is an organization of securities Administrators. The term "Administrator" is a generic title ...
  10. Professionals

    Calculations

    Calculations
RELATED FAQS
  1. What are the exceptions to the early distribution penalty for a non-qualified Roth ...

    The exceptions are as follows: The distribution is made on or after the date you reach age 59.5 The distribution is made ... Read Answer >>
  2. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ... Read Answer >>
  3. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ... Read Answer >>
  4. Is my non-qualified Roth IRA distribution subject to taxes or early distribution ...

    The ordering rules must be applied to determine whether the distribution is subject to income taxes and/or the early distribution ... Read Answer >>
  5. What are the advantages of having fewer distribution channels?

    Understand what a distribution channel is and how companies leverage them to sell products. Learn about the advantages of ... Read Answer >>
  6. How are distribution channels generally organized?

    Find out how distribution channels are commonly organized, and learn about the most important elements in the distribution ... Read Answer >>
Hot Definitions
  1. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  2. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  3. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center