Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

The chance of rain, shown on a weather app, is given as a percentage. This is a relative frequency, based on real data. The chance of rain, shown on a weather app, is given as a percentage. This is a ...

Statistics is the science of analyzing data; the use of statistics is ubiquitous in science, engineering, medicine and epidemiology, marketing, and many other application areas. Probability theory ...

In 1929, a few years prior to his colleague Kolmogorov's Grundbegriffe, the leading Russian probabilist Khinchin published a paper in which he commented on the foundational ambitions of von Mises' ...

THE approach to probability adopted in this book is conventional, but cautious. The two definitions, the one a priori, based on equally likely aspects of a system, the second a posteriori, based on ...

Every electronic circuit has some noise and it can affect both analog and digital circuits. Some noise comes from outside interference while some comes from random factors such as thermal effects.

Try these interactive flashcards based on GCSE maths past papers. By working your way through the flashcards created by experts, you can prepare for your maths exams and revise commonly used ...

In A Philosophical Essay on Probabilities, published in 1814, Pierre-Simon Laplace introduced a notorious hypothetical creature: a “vast intelligence” that knew the complete physical state of the ...

The Centre for Probability, Statistics and Data Science covers three broadly overlapping main areas of research: probability, statistics and data science. Probability theory is a core topic within ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...