Animator Shuyi Chiou and the folks at CreatureCast give an adorable introduction to the central limit theorem – an important concept in probability theory that can reveal normal distributions (i.e.
Using the central limit theorem concerning the distribution of means allows one to justify the assumption of the normal distribution. Analytical people tend not to worry too much about the nature of ...
In this paper, the importance of the empirical bootstrap (EB) in assessing minimal operational risk capital is discussed, and an alternative way of estimating minimal operational risk capital using a ...
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