Probability is a numerical measure that reflects the likelihood of a particular event occurring. It ranges from 0 to 1, with 0 representing an impossible event and 1 representing a certain event. In ...

Probability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, or professional ...

This repository contains links to references (journal papers and videos) that are useful for learning simulation of probability distributions and variable transformation. The latter shows that you don ...

Abstract: For monitoring and control applications, which are necessary to ensure safe grid operation, the knowledge of the current, possibly critical, system state is essential. In this paper the ...

It had to happen: the property bubble burst and the global financial market experienced its biggest crisis in the last hundred years. In retrospect, many suspected it was coming, but nobody could have ...

From Monopoly to Backgammon to Yahtzee, our first experiences with board games almost always feature sets of six-sided dice. They’re a great way to create some randomness and chaos in a game, but ...