In this article we review two historical approximations to the Poisson and binomial cumulative distribution functions (CDFs); that is, the Wilson—Hilferty and Camp—Paulson approximations. Both of ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance ...

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 ...

We prove that the probability of at least $k$ successes, in $n$ Bernoulli trials with success-probability $p$, is larger than its normal approximant if $p \leqq \frac ...

Recent advances in estimation techniques have underscored the growing importance of shrinkage estimation and balanced loss functions in the analysis of multivariate normal distributions. These ...