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Negative hyper geometric distribution: In sampling without replacement from the population comprising of r elements of one kind and N - r of another, if two elements corresponding to which selected are replaced every time, then the probability of finding x elements of first kind in a random sample of n elements can be given as follows
The mean of distribution can be given as Nr/N and the variance can be given as follows (nr/N)(1-r/N)(N+n)/(N+1).
It corresponds to the beta binomial distribution with the integral parameter values.
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company
Generalized principal components analysis: The non-linear version of the principal components analysis in which the goal is to determine the non-linear coordinate system which is
The special cases of the probability distributions in which the random variable's distribution is concentrated at one point only. For instance, a discrete uniform distribution when
Suppose that $4 million is available for investment in three projects. The probability distribution of the net present value earned from each project depends on how much is invest
Q1: The growth in bad debt expense for Aptara Pvt. Ltd. Company over the last 20 years is as follows. 1997 0.11 1998 0.09 1999 0.08 2000 0.08 2001 0.1 2002 0.11 2003 0.12 2004 0.1
Catastrophe theory : A theory of how little is the continuous changes in the independent variables which can have unexpected, discontinuous effects on the dependent variables. Exam
Lie factor : A measure suggested by Tufte for judging the honesty of the graphical presentation of data. Which can be calculated as follows The values close to one are desir
Network sampling is a sampling design in which the simple random sample or strati?ed sample of the sampling units is made and all observational units which are linked to any of th
1.Sam Lucarelli, owner of Lucarelli Products, is evaluating whether to produce a new product line. After thinking through the production process and the costs of raw materials and
Occam's razor is an early statement of the parsimony principle, which was given by William of Occam (1280-1349) namely 'entia non sunt multiplicanda praeter necessitatem'; which m
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