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 ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

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 ...

Suppose that in a ballot candidate A scores a votes and candidate B scores b votes, and that all the possible voting records are equally probable. Corresponding to the first r votes, let α r and β r ...

The range of correlation coefficient of any bivariate discrete random vector with finite or countably infinite values is derived. We show analytically that the normal-transformed discrete bivariate ...