Scenario analysis is the process of estimating the expected value of a portfolio after a given change in the values of key factors takes place.

Pearson's chi-square test works well with genetic data as long as there are enough expected values in each group. In the case of small samples (less than 10 in any category) that have 1 degree of ...

Monte Carlo estimates have been obtained for two quantities of interest in a discriminant analysis involving the usual linear discriminant function. The first is the unconditional probability of ...

The expected value of a randomly decided process is found by taking all of the possible outcomes of the process, multiplying each outcome by its probability, and adding all of these numbers up.