An exemplary methodology, procedure, system, method and computer-accessible medium can be provided to assign a joint-probability distribution to a set of continuous variables, given a sample of independent joint observations. The exemplary embodiments can transform at least a portion of particular data into transformed data, repeat the transformation until a marginal distribution of at least the portion of the particular data has been transformed to be at least sufficiently near or to reach a predetermined distribution, and estimate at least one likelihood of at least one predetermined result associated with the particular data as a function of the transformed data, whereas the repeated transformation ascends a likelihood function and/or is performed by unitary transformations.