The Annals of Applied Probability, Vol. 9, No. 4 (Nov., 1999), pp. 1202-1225 (24 pages) This paper analyzes the performance of importance sampling distributions for computing expectations with respect ...

When an experiment is reproduced we almost never obtain exactly the same results. Instead, repeated measurements span a range of values because of biological variability and precision limits of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

Solve Real-World Problems With Applied Statistics. Applied Statistics is the implementation of statistical methods, techniques, and theories to real-world problems and situations in several fields, ...