Electra Radioti

Introduction The Uniform Continuous Distribution is one of the simplest and most fundamental probability distributions in statistics and probability theory. Unlike other distributions that may concentrate probability mass around certain values, …

Since its inception, ChatGPT has become a go-to resource for a broad spectrum of users worldwide. The platform’s flexibility, knowledge, and conversational abilities have made it a favored tool for …

Mental health has become an increasingly important topic in corporate environments. As the lines between work and personal life blur and job demands continue to rise, mental health issues such …

Exercise The number of customers served by a bank’s central counter is 2 customers per minute. What is the probability that the counter will: 1. Serve 5 customers in a …

How Do Online Platforms Like Facebook, Instagram, and Others Make Money? An In-Depth Look at Monetizing User Engagement In the digital age, platforms like Facebook, Instagram, and others have become …

Exercise The human resources department of a company with 5,000 employees wants to estimate the average gross monthly salary of their employees. A sample of 400 employees was randomly selected, …

Introduction The Poisson Point Process (PPP) is a fundamental concept in probability theory and stochastic processes, widely used in fields like telecommunications, physics, and ecology. It provides a mathematical framework …

Introduction The Poisson distribution is a fundamental discrete probability distribution used to model the number of events that occur within a fixed interval of time or space. This distribution is …

The internet has revolutionized the way we work, invest, and manage our finances. For those with a finance background or interest, there are numerous opportunities to make money online that …

Exercise Suppose a large batch of light bulbs contains 10% defective bulbs. If we randomly select 3 bulbs, what is the probability of the following: 1. Exactly one bulb is …