The Normal Probability Plot template in the lab3.xlsx file allows one to verify the assumption of normality for the data in the lab assignment. The normal probability plot below generally supports the ...

A continuous random variable X follows a normal distribution, denoted as $X \sim \mathcal{N}(\mu,,\sigma^{2})$. The normal distribution is characterized by its bell ...

This column is the fourth in a series on parameter estimation, leading up to the justly famous Kalman filter. The discipline is based on the fact that our knowledge of the state of any real-world ...

If the probability that a randomly selected person will vote in the next election is 0.39, how would we find the probability that more than half of the people in a sample of 1000 will vote? Since the ...

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 ...