The main property of a discrete joint probability distribution can be stated as the sum of all non-zero probabilities is 1. The next line shows this as a formula. The marginal distribution of X can be ...

Abstract: This paper derives a new type of formula for the probability that, among a collection of items with s-independent exponential times to failure, a certain subset of them fails in a given ...

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 ...

A continuous random variable is a type of variable that can take on any value within a given range. Unlike discrete random variables, which have a countable number of outcomes, continuous random ...

Department of Applied Maths & Statistics, ICMC, Universidade de S?o Paulo, S?o Paulo, Brazil. Department of Statistics, CCET, Universidade Federal de S?o Carlos, S?o Carlos, Brazil. In this paper is ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.

Sample space, Field and Probability Measure. Axiomatic definition of Probability. Bayes' theorem. Repeated trials. Continuous and discrete random variables and their probability distribution and ...