The central limit theorem concerning the distribution of means allows one to justify the assumption of the normal distribution so that we can use many of the statistical formulae that require ...

Example 29.3: Gamma Distribution Applied to Life Data. Life data are sometimes modeled with the gamma distribution. Although PROC GENMOD does not analyze censored data or provide other useful lifetime ...

In 2020, I wrote about the unique attributes of a successful fintech company, or the “3 Ds”:– distribution, data, and delivery.I argued that successful startups had at least one of the three ...