Rounding errors can vary in size depending on the accuracy of the equipment used to measure the value. Events can be measured to a different degree of accuracy, depending on their importance. For ...

There are many applications in which the long-term statistical properties of short-term financial time series are required. For example, we might be interested in obtaining the 1% worst monthly return ...

In the estimation of error rates for populations, whose error rate is quite small, the usual assumption of normality can lead to erroneous results. The confidence ...

I've become alarmed recently at the number of young engineers (i.e. those with less than 5 years of work experience), who seem to have missed the college course on applied probability and don't know ...

This is a preview. Log in through your library . Abstract Daily milk records from 367 lactations of 179 Dairy Shorthorns and 147 lactations of 89 Friesians were used to study the errors which arise ...