Provides a one-semester course in probability and statistics with applications in the engineering sciences. Probability of events, discrete and continuous random variables cumulative distribution, ...

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet. As they receive more ...

Calculation methods can significantly affect conclusions, so researchers have to tune their approaches to the data carefully. Two powerful tools in statistics are the average and the variance. You’re ...

It turns out that in this case the probability that they never run out of money is only 50%. There are just too many scenarios where the total returns are bad enough to deplete their funds.

At the time of the announcement in January, the asteroid’s impact probability was reported to exceed 1%. The impact probability describes how likely a hazardous asteroid is to hit Earth.