The first step is to ensure that the given distribution actually is a valid probability distribution. As mentioned earlier, this involves checking two key properties: non-negativity and summation to ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Covariance: a measure of the direction of the linear relationship between two variables. Discrete ...

This course is available on the BSc in Financial Mathematics and Statistics, BSc in Mathematics and Economics and BSc in Mathematics with Economics. This course is available as an outside option to ...