During design verification, how many samples should you use for testing? A consultant answers the question. In the “MyQuickConsult Question Grab Bag," a new series, David Amor, cofounder of medical ...

The efficiency of Monte Carlo simulations is significantly improved when implemented with variance reduction methods. Among these methods, we focus on the popular importance sampling technique based ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

What's the best way to get a statistically reliable sample of people who are hard to identify, such as illegal-drug users in large cities, itinerant jazz musicians, aging Manhattan artists and ...

Information on Earth's biodiversity is increasingly collected using DNA-, image- and audio-based sampling. At the same time, ...