Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

Integration techniques can be used to determine probabilities for any probability that is continuous. The function that models this probability is called a probability density function. A probability ...

The Virginia Lottery offers a game called the New Year's Millionaire Raffle for which the top prize is one million dollars. There are 375,000 tickets sold, of which 508 are winners. There are three ...

The reports aim to provide a clear understanding of key concepts in probability and statistics, making them accessible to learners at all levels. Each report breaks down complex topics into digestible ...

This paper describes sufficient conditions for the existence of optimal policies for partially observable Markov decision processes (POMDPs) with Borel state, observation, and action sets, when the ...