Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

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Abstract: Though widely used to model various natural phenomena, the lognormal distribution poses significant challenges in mathematical tractability. Its formulation alone is simple, elegant, and ...

1 Department of Mathematics, Kotebe University of Education, Addis Ababa, Ethiopia 2 Department of Statistics, Addis Ababa University, Addis Ababa, Ethiopia The main purpose of this paper is to ...

Developing and leveraging a highly effective dairy product distribution system does not come easy. Dairy processors seeking to incorporate the most efficient networks are facing an array of obstacles, ...

Department of Mathematics, Kotebe University of Education, Addis Ababa, Ethiopia This study introduces a five-parameter continuous probability model named the Beta-Exponential-Gaussian distribution by ...

What Is A Probability Density Function? A probability density function, also known as a bell curve, is a fundamental statistics concept, that describes the likelihood of a continuous random variable ...

Crest factor, also known as peak-to-average power ratio (PAPR), is a numerical value that indicates the ratio of a signal's highest power level to its average power level. Understanding signal ...

The pmf function that we saw before works great for inspecting discrete random variables and calculating their expected values. However, as the size (S) of possible values of X increases, it becomes ...