One important feature of the brain is its ability to make generalizations based on sparse data. By learning regularities in our environment it can manage to guide our actions. As adults, we have ...

Statistics is the science of analyzing data; the use of statistics is ubiquitous in science, engineering, medicine and epidemiology, marketing, and many other application areas. Probability theory ...

Students of statistics and researchers in search of a stats review will appreciate the Probability-Distributions app designed by Dr. Matthew Bognar at the University of Iowa. The app includes ...

When mathematics lecturer Gene Kim turned a $15 daily fantasy sports (DFS) lineup into a $50,000 win in April, it would not be his last victory of the year — Kim launched a new introductory seminar ...

We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress." LPFD = -20.12 * NIMTAAVG + 1.60 * TLMTA - 7.88 * EXRETAVG + 1.55 * SIGMA ...

Introduction Have you ever heard anyone say the chance of something happening is “50–50”? What does that actually mean? This phrase has something to do with probability. Probability tells you how ...

An international consortium of statisticians, lawyers and forensic scientists is drawing up guidelines for the use of statistics in court Misuse of statistics is a blight on the law. Verdicts have ...

Our whole life we have to make decisions and weigh up probabilities of different events. By learning to estimate which event is more likely to happen, we become better at analysing risks and benefits ...