Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

The first step is to ensure that the given distribution actually is a valid probability distribution. As mentioned earlier, ...

Probability theory forms the mathematical backbone for quantifying uncertainty and random events, providing a rigorous language with which to describe both everyday phenomena and complex scientific ...

Sample space and events, probability measure and probability space, random variable as a measurable function, distribution function of a random variable, discrete and continuous-type random variable, ...

The world is full of uncertainty: accidents, storms, unruly financial markets, noisy communications. The world is also full of data. Probabilistic modeling and the related field of statistical ...

In 1965 Stanley Warner [8] illustrated a technique whereby one could estimate from a sample the proportion of persons in a population possessing some characteristic X, without pointedly asking the ...

This is a preview. Log in through your library . Abstract For each $k = 1, 2, \cdots$ let $n = n(k)$, let $m = m(k)$, and suppose $y_1^k, \cdots, y_n^k$ is an $m ...