This is the repository for Lecture 05 of the Saint Louis University course SOC 4015/5050 - Quantitative Analysis. This lecture introduces a number of distributions, including the binomial, Poisson, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

What is the issue when we study a continuous variable? Why is it different from a discrete variable? What are the possible solutions?

This paper is concerned with the determination of tight lower and upper bounds on the expectation of a convex function of a random variable. The classic bounds are those of Jensen and ...

This note suggests that expressing a distribution function as a mixture of suitably chosen distribution functions leads to improved methods for generating random variables in a computer. The idea is ...

Roll a die and ask students to identify the random variable. Since a die can only take on values of 1, 2, 3, 4, 5, or 6, this is a discrete random variable. Repeat ...

ABSTRACT: In this paper, we shall present the strong laws of large numbers for fuzzy set-valued random variables in the sense of d∞H . The results are based on the result of single-valued random ...

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 ...