Continuous Variable: can take on any value between two specified values. Obtained by measuring. Covariance: a measure of the direction of the linear relationship between two variables. Discrete ...

Majorisation is used to compare discrete distributions in terms of randomness or, equivalently, informativeness. Some properties of measures of randomness are discussed. The effect on degree of ...

In the paper we first show how to convert a generalized Bonferroni-type inequality into an estimation for the generating function of the number of occurring events, then we give estimates for the ...

The authors propose a formal mathematical measure to assess the versatility (simplicity and adaptability) of parametric frequency and severity distributions before use. They compute and compare the ...

After publication of an earlier version of this paper, we received feedback that there were several incorrect references to related methods in the literature. These errors are corrected in the current ...

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 ...

This course is available on the BSc in Business Mathematics and Statistics and BSc in Mathematics, Statistics and Business. This course is not available as an outside option. This course is available ...