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.
INVESTOPEDIA EXPLAINS '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.

Symmetrical Distribution
A situation in which the values of variables occur at regular ... 
Multinomial Distribution
A distribution that shows the likelihood of the possible results ... 
Probability Distribution
A statistical function that describes all the possible values ... 
Default Probability
The degree of likelihood that the borrower of a loan or debt ... 
Unconditional Probability
The probability that an event will occur, not contingent on any ... 
Conditional Probability
Probability of an event or outcome based on the occurrence of ...

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Fundamental Analysis
Find The Right Fit With Probability Distributions
Discover a few of the most popular probability distributions and how to calculate them. 
Fundamental Analysis
Explaining the Monte Carlo Simulation
Monte Carlo simulation is an analysis done by running a number of different variables through a model in order to determine the different outcomes. 
Fundamental Analysis
Explaining the Empirical Rule
The empirical rule provides a quick estimate of the spread of data in a normal statistical distribution. 
Economics
Explaining Demographics
Demographics is the study and categorization of people based on factors such as income level, education, gender, race, age, and employment. 
Fundamental Analysis
Calculating Degree of Financial Leverage
Degree of financial leverage (DFL) is a metric that measures the sensitivity of a company’s operating income due to changes in its capital structure. 
Fundamental Analysis
Calculating the Present Value of an Annuity
The present value of an annuity is the current, lump sum value of periodic future payments as calculated using a specific rate. 
Fundamental Analysis
How Does Sampling Work?
Sampling is a term used in statistics that describes methods of selecting a predefined representative number of data from a larger data population. 
Economics
Understanding Marginal Analysis
Marginal analysis is the process of comparing a oneunit incremental cost increase of an activity with a corresponding increase in benefits. 
Fundamental Analysis
Calculating the Equity Risk Premium
Equity risk premium is the excess expected return of a stock, or the stock market as a whole, over the riskfree rate. 
Fundamental Analysis
What is a Representative Sample?
In statistics, a representative sample accurately represents the makeup of various subgroups in an entire data pool.