Musarrat Jehan, Efstratios Nikolaidis, Bootstrapping and Separable Monte Carlo Simulation Methods Tailored for Efficient Assessment of Probability of Failure of Structural Systems, SAE International ...

In this note we wish to pass along an example that we have found useful when introducing the concepts of conditional probability and Bayes' Rule to undergraduate students. The advantages of this ...

Abstract R is an open-source programming language and environment with powerful and extensive features for data analysis, data visualization, and statistical computing. Although R first appeared in ...

Non-probability samples provide a challenging source of information for official statistics, because the data generating mechanism is unknown. Making inference from such samples therefore requires a ...

Probability simulations addressing unexpected market fluctuations provide insights to help manage long-term investment portfolios in ways that conventional static models cannot address.