The normal distribution is the probability distribution that plots all of its values along a symmetrical bell curve, with the highest probabilities centered around the mean value and tapering out ...

Think about a baseball game. The batter has to decide whether and how to hit the incoming pitch. He needs to judge the position and speed of the ball, given his own visual uncertainty, and to estimate ...

In Uniformity of Dosage Units (UDU) test, the single limit for acceptance value (AV) of not more than (NMT) 15 cannot discriminate between the conforming and nonconforming lots of products. Because ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Natalya Yashina is a CPA, DASM with over 12 years of experience in ...