The reports aim to provide a clear understanding of key concepts in probability and statistics, making them accessible to learners at all levels. Each report breaks down complex topics into digestible ...

Cumulative probability is an essential concept in the world of statistics and probability theory. It refers to the likelihood that a random variable will take a value equal to or less than a specific ...

Stochastic dominance (SD) theory is concerned with orderings of random variables by classes of utility functions characterized solely in terms of general properties. This paper discusses a type of ...

Abstract: A majority of probabilistic load flow studies assume independence or arbitrarily set linear correlation coefficients between the various loads and other inputs on the distribution system.