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What Are the Basic Differences Between a T-Bill and a T-Bond

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What are the basic differences between a T-Bill and a T-Bond?
Which security(ies)are considered risk-free?


Definitions:

University Faculty

University faculty refers to the professors, lecturers, and academic staff responsible for teaching courses and conducting research within a college or university.

Expected Number

The anticipated count or amount in a set of occurrences or outcomes based on probability.

Binomial Distributions

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given number of observations.

Normal Distributions

Bell-shaped curves that are used in statistics to represent the distribution of a data set where most values cluster around a central region.

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