Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

The conditional probability integral transform, used in goodness-of-fit tests, is compared with its Bayesian counterpart, the predictive probability integral transform, and it is shown that under ...

Chernoff [1] has called attention to a paper of Mann and Wald [5], which provides a general theory and a convenient notation for the derivation of theorems concerning stochastic limits and limit ...

It may be common knowledge that p < .05 indicates statistical significance. Psychology students (and others) are often taught that p < .05 means the probability (p) of rejecting the null hypothesis ...

Praxis the robot and Alan the “human man” look at the history of mathematical probability. They meet Galileo, whose work with dice brings him under the suspicion of some rather violent inquisitors.

This course is compulsory on the BSc in Actuarial Science, BSc in Actuarial Science (with a Placement Year), BSc in Financial Mathematics and Statistics and BSc in Mathematics, Statistics and Business ...