Probability underlies much of the modern world – an engineering professor explains how it actually works

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the ...
Investopedia

Simple Random Sampling: 6 Basic Steps With Examples

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 ...
IEEE

Entropy Bounds for Discrete Random Variables via Maximal Coupling

Abstract: This paper derives new bounds on the difference of the entropies of two discrete random variables in terms of the local and total variation distances between their probability mass functions ...
IEEE

Optimal Remote Estimation of Discrete Random Variables Over the Collision Channel

Abstract: Consider a system comprising sensors that communicate with a remote estimator by way of a so-called collision channel. Each sensor observes a discrete random variable and must decide whether ...
thetechedvocate.org

How to calculate probability distribution

Probability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, or professional ...
Investopedia

Monte Carlo Simulation: What It Is, How It Works, History, 4 Key Steps

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
GitHub

random-variables

The FactorGraph package provides the set of different functions to perform inference over the factor graph with continuous or discrete random variables using the belief propagation algorithm. A ...