The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

Typically, we don't know statistics about a population itself. The only way to know these for sure is to survey the entirety of the population, which is typically impractical. For example, to know the ...

According to a recent poll by Gallup.com, 59% of Americans believe that the amount they pay in income taxes is fair. The survey was based on a sample 1017 American adults. If the pollsters talked to ...

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 ...