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 ...

I've become alarmed recently at the number of young engineers (i.e. those with less than 5 years of work experience), who seem to have missed the college course on applied probability and don't know ...

Understanding the confidence interval will help you grasp what an election poll is -- or is not -- saying. As you might have guessed, the media consistently gets it wrong. Candidate Gobermouch is ...

A kernel regression imputation method for missing response data is developed. A class of bias-corrected empirical log-likelihood ratios for the response mean is defined. It is shown that any member of ...

Geoff Cumming receives funding from the Australian Research Council. Such research findings sound exciting because the word significant suggests important and large. But researchers often use the word ...

A class of linear combinations of order statistics (LCOSs) based on a random sample drawn from an arbitrary distribution is represented as a sum of independent and identically distributed random ...

In statistics, confidence intervals are mathematical chances that a repeated test or experiment will fall within given parameters. Don’t look too deeply into this definition. Just please grant me some ...