Over the last few decades, Lean Six Sigma has become an integral part of the world of business. It is one of the most ...

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 diameters of 50 steel rods are measured and saved as values of the variable DISTANCE in the following data set: * data measures; input diameter @@; label diameter='Diameter in mm'; datalines; ...

What Is A Probability Density Function? A probability density function, also known as a bell curve, is a fundamental statistics concept, that describes the likelihood of a continuous random variable ...

Statisticians frequently assume that data follow a normal distribution when developing statistical methods and performing practical data analysis. In most introductory statistics textbooks, the ...

In this article we review two historical approximations to the Poisson and binomial cumulative distribution functions (CDFs); that is, the Wilson—Hilferty and Camp—Paulson approximations. Both of ...

This course is compulsory on the BSc in Actuarial Science and BSc in Financial Mathematics and Statistics. This course is available on the BSc in Data Science, BSc in Econometrics and Mathematical ...

The distances between two holes cut into 50 steel sheets are measured and saved as values of the variable DISTANCE in the following data set: * data sheets; input distance @@; label distance='Distance ...