Abstract: An interesting relationship between the probability-constrained and worst-case optimization based robust minimum variance (MV) beamformers has been discovered. It is shown that both in the ...

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 ...

Abstract: In probability theory the expected value of functions of random variables plays a fundamental role in defining the basic characteristic measures of probability distributions. For example, ...

On a certain track team, the runners all take between 4 and 7 minutes to finish a mile. Suppose the probability density function for the length of time it takes a ...

Simulates the drawing of poker hands and creates a load of data in the form of the simulation_data.csv file used in prediction (ensure simulation_data.csv is used in the prediction). Predicts the ...

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 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 ...

Financial institutions have to add a margin of conservatism of type C (MoC C) to their estimates of probability of default in order to account for the statistical uncertainty involved. European ...