Stop-loss and limited loss random variables are two important transforms of a loss random variable and appear in many modeling problems in insurance, finance, and other fields. Risk levels of a loss ...

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 ...

This is a preview. Log in through your library . Abstract The paper examines the nature of the latent random variables which occur in linear structural models, under the assumption that they are ...

The probability density function of a uniform random variable looks like a horizontal line segment over the support. This indicates that for any interval of a given length within the support, the ...

Sankhyā: The Indian Journal of Statistics, Series A (1961-2002), Vol. 25, No. 1 (Jul., 1963), pp. 13-24 (12 pages) The sum of n independent and identically distributed random variables will, under ...

In the board game "Chick-a-Pig," a cow that sits in the center of the board and creates an obstacle for players attempting to move across the board. On each turen, a player rolls a die to determine ...