Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

The primary goal of managerial accounting is to supply internal decision-makers with the information necessary to make good planning and cost-control decisions. While data, research studies and ...

An international team of researchers has identified a quantum counterpart to Bayes’ rule. The likelihood you assign to an ...

We develop some approaches to the characterization of distributions of real-valued random variables, useful in practical applications, in terms of conditional expectations and hazard measures. We ...

Several people each express their opinion of an uncertain quantity by providing their mean and standard deviation of it. In this paper we discuss the problem of incorporating all these opinions into a ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

Provides a one-semester course in probability and statistics with applications in the engineering sciences. Probability of events, discrete and continuous random variables cumulative distribution, ...