Does ice cream cause drownings? Let's think about this statistically. Consider that, in any given city, daily sales of ice cream are, most likely, positively correlated with daily rates of drownings.

Fuzzy statistics and random variables represent a progressive fusion of traditional probability theory with the principles of fuzzy logic, enabling the treatment of imprecision and vagueness inherent ...

Extropy has emerged as a pivotal measure in the quantification of uncertainty, serving as a complementary counterpart to the traditional concept of entropy. Unlike entropy, which is widely used to ...

Explore how covariance reveals relationships between variables, its role in financial planning, and its application in the stock market for better investment strategies.

Several models for limited dependent variables (variables having a non-negligible probability of exactly equaling zero) are examined. Estimation in and discrimination among the various models are ...

Brazilian Journal of Probability and Statistics, Vol. 35, No. 3 (2021), pp. 435-441 (7 pages) The aim of this note is to give an elegant proof of a result due to E. G. Olds which concerns the density ...