Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel offers ...

A key issue for risk management is to decide the relevant horizon associated with risk measurement. Many different horizons may be relevant, from short (for example, daily) to long (for example, ...

Probability calculations determine the chance of a specific event occurring. This calculation factors in the number of positive events with respect to the total number of possible results. When you ...

The following properties of Q-Q plots and probability plots make them useful diagnostics of how well a specified theoretical distribution fits a set of measurements: Q-Q plots are more convenient than ...

The following program creates probability-probability plots and quantile-quantile plots of the residuals (Output 55.8.1 and Output 55.8.2, respectively). An annotation data set is created to produce ...

The CuDAL-Excel program, based on Microsoft (MS) Excel, has been developed to calculate the United States Pharmacopeia (USP) passing probability of content uniformity and dissolution tests for both ...

We provide novel, high-order accurate methods for non-parametric inference on quantile differences between two populations in both unconditional and conditional settings. These quantile differences ...