The empirical rule describes how points are clustered in a normally-distributed data set. It states that 95% of data fall ...

This column is the fourth in a series on parameter estimation, leading up to the justly famous Kalman filter. The discipline is based on the fact that our knowledge of the state of any real-world ...

Over the last few decades, Lean Six Sigma has become an integral part of the world of business. It is one of the most ...

The diameters of 50 steel rods are measured and saved as values of the variable DISTANCE in the following data set: * data measures; input diameter @@; label diameter='Diameter in mm'; datalines; ...

What exactly is an Anderson-Darling test? Testing for normality is often the first step in analyzing your data. Many statistical tools you might use have normality as an underlying assumption. If you ...

The primary goal of managerial accounting is to supply internal decision-makers with the information necessary to make good planning and cost-control decisions. While data, research studies and ...

This course is compulsory on the BSc in Actuarial Science and BSc in Financial Mathematics and Statistics. This course is available on the BSc in Data Science, BSc in Econometrics and Mathematical ...