In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

Abstract: This paper is concerned with the protocol-based fault detection problem for a class of discrete systems with mixed time delays and missing measurements under uncertain missing probabilities.

A probability distribution of a random variable describes how the probabilities are distributed over the possible values of the random variable. A probability distribution shows the likelihood of ...

The mean, also known as the expected value, of a discrete probability distribution is a fundamental concept in statistics and probability theory. It represents the average outcome you would expect if ...

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 ...

A discrete random variable is a type of random variable that can take on a countable set of distinct values. Common examples include the number of children in a family, the outcome of rolling a die, ...

Abstract: This paper addresses the problem of designing nonlinear discrete-time dynamical systems for prospective use in low-complexity random signal generators. Drawing upon ergodic systems theory, ...

We consider a discrete-time risk process driven by proportional reinsurance and an interest rate process. We assume that the interest rate process behaves as a Markov chain. To reduce the risk of ruin ...