In this lab, we shall run simulations for simple total probability problems. We shall solve these problems by hand and also perform random sampling from a defined probability distribution repeatedly ...

When conducting surveys, two kinds of nonresponse may cause incomplete data files: unit nonresponse (complete nonresponse) and item nonresponse (partial nonresponse). The selectivity of the unit ...

The following four new calculation schemes were implemented and validated through numerical experiments. A surface layer turbulence scheme using a new calculation formula that eliminates the ...

This project provides a Python toolkit and research framework for the mathematical analysis, simulation, and optimal design of slot machine games. It leverages principles from game theory, probability ...

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 ...

ITHACA, N.Y.--(BUSINESS WIRE)--Savvy investors and analysts know to expect the unexpected. Probability simulations addressing unexpected market fluctuations provide insights to help manage long-term ...

Co-workers do some armchair theorizing on statistics. By John Hodgman Joseph writes: A co-worker told me that there is a 50-50 chance we are living in a computer simulation. I agree, because ...