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A Pareto plot is type of plot used in quality control applications that combines a bar chart displaying percentages of categories in the data with a line graph showing ...

The percentage error is 100% times the relative error.

Poisson's theorem gives the estimate (n!)/(k!(n-k)!)p^kq^(n-k)∼e^(-np)((np)^k)/(k!) for the probability of an event occurring k times in n trials with n>>1, p<<1, and np ...

A number s of trials in which the probability of success p_i varies from trial to trial. Let x be the number of successes, then var(x)=spq-ssigma_p^2, (1) where sigma_p^2 is ...

The number of digits used to perform a given computation. The concepts of accuracy and precision are both closely related and often confused. While the accuracy of a number x ...

The problem of forecasting future values X_(t+tau) (tau>0) of a weakly stationary process {X_t} from the known values X_s (s<=t).

The positive predictive value is the probability that a test gives a true result for a true statistic. The negative predictive value is the probability that a test gives a ...

A probabilistic experiment is an occurrence such as the tossing of a coin, rolling of a die, etc. in which the complexity of the underlying system leads to an outcome that ...

Probability is the branch of mathematics that studies the possible outcomes of given events together with the outcomes' relative likelihoods and distributions. In common ...

Evans et al. (2000, p. 6) use the unfortunate term "probability domain" to refer to the range of the distribution function of a probability density function. For a continuous ...