A third force that is reshaping statistics is the computational revolution, and The Annals will also welcome developments in this area. The purpose of the Institute of Mathematical Statistics (IMS) is ...

Conditional Probability: The probability of an event occurring given that another event has already occurred, fundamental to statistical inference and decision-making processes.

The body of this paper is written in terms of very general and abstract ideas which have been popular in pure mathematical work on the theory of probability for the last two or three decades. It seems ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

Relate probability to aspects of financial education, exploring the concept of risk, how risk can be calculated and its impact on the size and security of returns.

Relate probability to aspects of financial education, exploring the concept of risk, how risk can be calculated and its impact on the size and security of returns.