Let’s introduce a method to estimate the errors created by placing the thermocouples in temperature measurement. It will be shown how the errors depend on ...

This section describes the probability distributions available in the RELIABILITY procedure for probability plotting and parameter estimation. Refer to Lawless (1982, p. 240) for a description of the ...

Life data are sometimes modeled with the gamma distribution. Although PROC GENMOD does not analyze censored data or provide other useful lifetime distributions such as the Weibull or lognormal, it can ...

Arithmetic Asian options are difficult to price and hedge as they do not have closed-form analytic solutions. The main theoretical reason for this difficulty is that the payoff depends on the finite ...