Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

Suppose that in a ballot candidate A scores a votes and candidate B scores b votes, and that all the possible voting records are equally probable. Corresponding to the first r votes, let α r and β r ...

A simple procedure for deriving the probability density function (pdf) for sums of uniformly distributed random variables is offered. This method is suited to introductory courses in probability and ...