You’ve probably used the traditional distribution one or two times too many. All of us have — It’s a real workhorse. But sometimes, we run into problems. As an example, when predicting or forecasting...
Which Final result Matters?
Here is a typical scenario : An A/B test was conducted, where a random sample of units (e.g. customers) were chosen for a campaign they usually received Treatment A. One other...
Using soccer to grasp the difference between Poisson & binomial: Probability for Data Science Series (3)10 min read·Dec 10, 2024When you aren't a paid member on Medium, I make my stories available without spending...
Ulsan City announced on the 14th that it had signed an investment agreement for a solar energy distribution project within the Ulsan Industrial Complex.
This agreement was prepared to advertise a project to put in...
A Dutch copyright watchdog has said it has stopped the distribution of a dataset used to coach artificial intelligence (AI). The group, which has been cracking down on piracy for greater than twenty years,...
A Student’s t-distribution is nothing greater than a Gaussian distribution with heavier tails. In other words, we will say that the Gaussian distribution is a special case of the Student’s t-distribution. The Gaussian distribution...
Your mortgage is memory-less and so is the exponential distributionThis limit is interesting only when p and d decrease to 0 together in a linear relationship with one another. Because each are going to...