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      Exploring Market Research Methods: Techniques, Applications, and Best…

      June 28, 2025

      Economics

      Who Conducts Market Research in Marketing? Key Players…

      June 28, 2025

      Economics

      Foundations and Explorations in Mathematical Thinking: From Rational…

      June 21, 2025

      Economics

      Mathematical Tools in Economic Analysis: Functions, Optimization, and…

      June 21, 2025

      Economics

      The Economics of Monopoly: Structure, Impacts, and Policy…

      June 21, 2025

    • Economics Quizzes
  • Statistics and probability
    • Statistics and probability

      A Comprehensive Guide to Random Variables

      December 26, 2024

      Statistics and probability

      Independence of Events in Probability Theory

      December 12, 2024

      Statistics and probability

      Total Probability Theorem and Bayes’ Theorem

      November 11, 2024

      Statistics and probability

      Understanding Conditional Probability

      October 25, 2024

      Statistics and probability

      Properties of Probability (with Real-Life Examples)

      October 15, 2024

    • Statistics Quizzes
  • Hotel Finance
    • Hotel Finance

      Property Operation and Maintenance Expenses in the Hotel…

      June 28, 2025

      Hotel Finance

      Sales and Marketing Department Expenses

      June 21, 2025

      Hotel Finance

      Information and Telecommunications Systems

      June 8, 2025

      Hotel Finance

      Administrative and General

      May 25, 2025

      Hotel Finance

      Miscellaneous Income

      May 17, 2025

  • Electric Thoughts
    • Electric Thoughts

      Microeconomics Exercise: Substitution and Income Effects

      June 28, 2025

      Electric Thoughts

      Are Masters in Finance and MBAs Still Valued…

      June 28, 2025

      Electric Thoughts

      What Is a Virtual Office? Benefits, Drawbacks, and…

      June 22, 2025

      Electric Thoughts

      Yahoo Finance

      June 21, 2025

      Electric Thoughts

      NYSDTF Guide: Roles, Services & How to Interact…

      June 21, 2025

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Statistics and probability

  • Statistics and probability

    Comprehensive Article on the Geometric and Negative Binomial Distributions

    by Electra Radioti August 14, 2024

    Comprehensive Article on the Geometric and Negative Binomial Distributions Introduction In probability theory, the Geometric and Negative Binomial distributions are two closely related discrete distributions. Both are used to model …

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  • Statistics and probability

    Mastering Discrete Probability: A Step-by-Step Exercise with Solutions

    by Electra Radioti August 14, 2024

    Exercise A discrete random variable \( X \) has the following probability distribution: \[ \begin{array}{|c|c|c|c|c|} \hline x & 2 & 4 & 6 & 10 \\ \hline p(x) & \frac{1}{6} …

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  • Statistics and probability

    Probability in Manufacturing: Analyzing Defective Products Across Production Lines

    by Electra Radioti August 13, 2024

    Exercise In a factory producing electronic components, there are three production lines: PL1, PL2, and PL3. The quality control process classifies defective products into two categories, E1 and E2, based …

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  • Statistics and probability

    Bernoulli Trials and the Normal Distribution

    by Electra Radioti August 9, 2024

    Introduction In probability theory and statistics, understanding the relationship between discrete and continuous probability distributions is fundamental. Two important concepts in this realm are Bernoulli trials and the normal distribution. …

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  • Statistics and probability

    Understanding Diagnostic Test Results: A Probability Exercise on Virus Detection

    by Electra Radioti August 9, 2024

    Exercise In a scientific article published in the Journal of Public Health Statistics, the authors estimated that in the general population, without any known risk factors, the probability that an …

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  • Statistics and probability

    Probability Exercise: Predicting Exam Attendance Across Departments

    by Electra Radioti August 6, 2024

    Exercise A course in Economics is jointly taught to students from the Economics, Law, and Agriculture departments. Among the students enrolled in this course, 65% are from the Economics department, …

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  • Statistics and probability

    An Overview of Main Discrete Probability Distributions in Probability Theory

    by Electra Radioti August 6, 2024

    In probability theory, several discrete probability distributions are widely used. These distributions describe the probabilities of outcomes in different types of experiments or scenarios where the outcomes are distinct and …

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  • Statistics and probability

    Advanced Statistical Measures: Variance, Standard Deviation, and Skewness

    by Electra Radioti August 4, 2024

    Variance and Standard Deviation for Grouped Data Explanation of variance for ungrouped and grouped data. Calculation methods and example. Coefficient of Variation \((CV)\) Definition and calculation. Example demonstrating its application. …

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  • Statistics and probability

    Statistical Measures and Techniques

    by Electra Radioti July 1, 2024

    Statistical Measures and Techniques Description of Data: Describing data, such as the annual sales of a product for a company, can be done in several ways. For instance, a sales …

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  • Statistics and probability

    Descriptive Statistics

    by Electra Radioti June 30, 2024

    Descriptive statistics involve summarizing and organizing data so it can be easily understood. Descriptive statistics are typically broken down into two categories: Measures of Central Tendency: These describe the center …

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  • Home
  • Economics
    • Economics

      Exploring Market Research Methods: Techniques, Applications, and Best…

      June 28, 2025

      Economics

      Who Conducts Market Research in Marketing? Key Players…

      June 28, 2025

      Economics

      Foundations and Explorations in Mathematical Thinking: From Rational…

      June 21, 2025

      Economics

      Mathematical Tools in Economic Analysis: Functions, Optimization, and…

      June 21, 2025

      Economics

      The Economics of Monopoly: Structure, Impacts, and Policy…

      June 21, 2025

    • Economics Quizzes
  • Statistics and probability
    • Statistics and probability

      A Comprehensive Guide to Random Variables

      December 26, 2024

      Statistics and probability

      Independence of Events in Probability Theory

      December 12, 2024

      Statistics and probability

      Total Probability Theorem and Bayes’ Theorem

      November 11, 2024

      Statistics and probability

      Understanding Conditional Probability

      October 25, 2024

      Statistics and probability

      Properties of Probability (with Real-Life Examples)

      October 15, 2024

    • Statistics Quizzes
  • Hotel Finance
    • Hotel Finance

      Property Operation and Maintenance Expenses in the Hotel…

      June 28, 2025

      Hotel Finance

      Sales and Marketing Department Expenses

      June 21, 2025

      Hotel Finance

      Information and Telecommunications Systems

      June 8, 2025

      Hotel Finance

      Administrative and General

      May 25, 2025

      Hotel Finance

      Miscellaneous Income

      May 17, 2025

  • Electric Thoughts
    • Electric Thoughts

      Microeconomics Exercise: Substitution and Income Effects

      June 28, 2025

      Electric Thoughts

      Are Masters in Finance and MBAs Still Valued…

      June 28, 2025

      Electric Thoughts

      What Is a Virtual Office? Benefits, Drawbacks, and…

      June 22, 2025

      Electric Thoughts

      Yahoo Finance

      June 21, 2025

      Electric Thoughts

      NYSDTF Guide: Roles, Services & How to Interact…

      June 21, 2025

  • Work With Me