The Applied Probability Trust is a non-profit publishing foundation established in 1964 to promote study and research in the mathematical sciences. Its titles Journal of Applied Probability and ...

An earlier article [1] presented two formulas for approximating the upper binomial confidence limit p̄ from a sample of size n with c "defectives" drawn randomly from an infinite population with ...

A heuristic algorithm that accurately and quickly approximates loss distributions for portfolios of independent credits is introduced in this paper. An algorithm such as this can be used in the ...