Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

This paper is about optimal transportation, of mass (real) or probability mass (virtual). Not so much about the solution of such problems, but about their formulation. Two non-negative vectors of the ...

This course is compulsory on the BSc in Actuarial Science and BSc in Financial Mathematics and Statistics. This course is available on the BSc in Data Science, BSc in Econometrics and Mathematical ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

The paper by Kumaraswamy (Journal of Hydrology 46 (1980) 79-88) introduced a probability distribution for double bounded random processes which has considerable attention in hydrology and related ...