Even a rudimentary look at probability can give new insights about how to interpret data. Simple thought experiments an can give new insight into the different ways misunderstanding of statistics can ...

This is a preview. Log in through your library . Publisher Information The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and ...

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 ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

Circular statistics is a specialised subfield of statistics that focuses on analysing data points distributed on a circle. Unlike conventional linear statistics, circular data is characterised by ...

If the risk of an event goes up or down, we assume that it will keep changing in that direction. Consider a weather forecast: If the probability of rain goes from 20% to 30%, many people then think it ...

MORE FROM BUSINESS INSIDER: Sinofsky's Farewell Memo to Microsoft Why Mobile Commerce Is Set to Explode The S&P's Last Gasp Even a rudimentary look at probability can give new insights about how to ...

Statistics is the science of analyzing data; the use of statistics is ubiquitous in science, engineering, medicine and epidemiology, marketing, and many other application areas. Probability theory ...