1. Distinguish between probability and non-probability sampling and discuss the advantages and disadvantages of each. If you can not specify the probability that any given individual will be in the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Social and economic scientists are tempted to use emerging data sources like big data to compile information about finite populations as an alternative for traditional survey samples. These data ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

We consider probability metrics of the following type: for a class F of functions and probability measures P, Q we define $d_{\germ{F}}(P,\ Q)\coloneq \text{sup}_{f ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

The chance of rain, shown on a weather app, is given as a percentage. This is a relative frequency, based on real data. The chance of rain, shown on a weather app, is given as a percentage. This is a ...