Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

L-moments are expectations of certain linear combinations of order statistics. They can be defined for any random variable whose mean exists and form the basis of a general theory which covers the ...

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