The outcomes of rolling a six-sided die are: 1, 2, 3, 4, 5, 6. A probability of zero means an outcome is impossible. A probability of 1 means an outcome is certain ...

Provides a one-semester course in probability and statistics with applications in the engineering sciences. Probability of events, discrete and continuous random variables cumulative distribution, ...

We consider a model in which the agent faces two independent risks of loss with different probabilities of occurrence and (possibly) different levels of potential loss. We show that it is optimal to ...

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 ...

The interaction between probability, dynamics and group theory is an active and growing area of research with exciting recent developments. This includes in particular the study of • random walks and ...