Information on Earth's biodiversity is increasingly collected using DNA-, image- and audio-based sampling. At the same time, ...

Systematic sampling is very convenient in many practical situations, but does not provide a satisfactory estimator of the variance of the sample mean except when additional assumptions are made. A ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

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 ...

Description: The course is concerned with the application of probability theory and statistics to management problems. Techniques studied and applied include probability models, Bayesian decision ...

The World Health Organization (WHO) warns that air pollution is of great concern and impacts health in many ways. To better the situation, it’s necessary to focus on air quality. However, when ...