The reports aim to provide a clear understanding of key concepts in probability and statistics, making them accessible to learners at all levels. Each report breaks down complex topics into digestible ...

Colorblindness is caused by a recessive gene on the X chromosome. Since men have only one X chromosome, if a man carries the colorblindness allele (gene form), he will have the trait. Women have two X ...

In this lesson, you'll look at a way to represent discrete distributions - the probability mass function (PMF), which maps from each value to its probability. A probability mass function (PMF), ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...

The Virginia Lottery offers a game called the New Year's Millionaire Raffle for which the top prize is one million dollars. There are 375,000 tickets sold, of which 508 are winners. There are three ...

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 ...