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The Poisson Distribution and Poisson Process Explained
A tragedy of statistics in most schools is how dull it’s made. Teachers spend hours…
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Chebyshev’s Theorem
What is Chebyshev’s Theorem? Chebyshev’s theorem is used to find the proportion of observations you would expect to…
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Probability Mass Function
For discrete random variables, the PMF is also called the probability distribution. Thus, when asked to…
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What Is a Random Variable?
If you have ever taken an algebra class, you probably learned about different variables like x, y and…
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Bayes’ Theorem Definition
What is the Bayes' Theorem? Bayes' theorem, named after 18th-century British mathematician Thomas Bayes, is a…
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Total Probability Theorem
The probability is the likelihood of an event. The probability of an event going to…
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Fault Tree Diagrams and System Analysis
BlockSim allows system modeling using both reliability block diagrams (RBDs) and fault trees. This chapter…
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Conditional Probability
What Is Conditional Probability? Conditional probability is defined as the likelihood of an event or…