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 ...

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 binomial distribution is a key concept in probability that models situations where you repeat the same experiment several times, and each time there are only two possible outcomes—success or ...

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This is a preview. Log in through your library . Abstract Estimators for the mean of a random binomial parameter, the defect probability, are given in the case where the trial size is random. Moment ...

Here is a table of the values for the cumulative distribution function of the standard normal distribution. These will be used to approximated binomial random variables. Here is another table with ...

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 ...

Basic probability; Discrete random variables, examples (e.g. Bernoulli, binomial, geometric), expected values, variances; Markov chains and their properties ...