Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.

A random variable is a mathematical function that maps outcomes of random experiments to numbers. It can be thought of as the numeric result of operating a non-deterministic mechanism or performing a ...

French mathematician and astronomer, Pierre-Simon Laplace brought forth the first major treatise on probability that combined calculus and probability theory in 1812. A single roll of the dice can be ...

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 ...

Vol. 18, Analytic and Geometric Stochastics: Papers in Honour of G. E. H. Reuter (Dec., 1986), pp. 73-85 (13 pages) A construction due to Asmussen and Jacobsen is generalised so as to produce ...

This is a preview. Log in through your library . Abstract For each $k = 1, 2, \cdots$ let $n = n(k)$, let $m = m(k)$, and suppose $y_1^k, \cdots, y_n^k$ is an $m ...