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 ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...

When you specify the BINOMIAL option in the TABLES statement, PROC FREQ computes a binomial proportion for one-way tables. This is the proportion of observations in the first variable level, or class, ...

Values of p (times 10,000) satisfying the equation $\alpha = \sum^x_{r = 0} \binom{n}{r} p^r(1 - p)^{n - r}$ are given to four figures for n = 55(5)100, x = 0(1)n - 1 and α = .005, .010, .025, .050.

Probability plots are useful tools for the display and analysis of lifetime data. Refer to Abernethy (1996) for examples using probability plots in the analysis of reliability data. Probability plots ...