A factual look at how probability models are used to create fair and engaging mechanics in tennis-themed digital games ...

The FactorGraph package provides the set of different functions to perform inference over the factor graph with continuous or discrete random variables using the belief propagation algorithm. A ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Abstract: In this letter, new and simple expressions are presented for the outage probability (OP) of the product of two Beaulieu-Xie, $\eta$-$\mu$, $\kappa$-$\mu$, or $\alpha$-$\mu$ random variables.

Abstract: In this correspondence, we give a sufficient condition for the exponential decay of the tail probability of a nonnegative random variable. We consider the Laplace-Stieltjes transform of the ...

I want to go back over something from Part 11, but in a more systematic and self-contained way. I’m stating these facts roughly now, to not get bogged down. But I’ll state them precisely, prove them, ...

In probability theory and statistics, the concept of a random variable is a foundational tool that helps bridge abstract probabilities with concrete, measurable values. A random variable is ...

Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

The boy's mother was also stabbed. She survived without serious injury. A woman allegedly stabbed a 3-year-old boy to death outside an Ohio grocery store in a random attack, according to police. The ...