Using the central limit theorem concerning the distribution of means allows one to justify the assumption of the normal distribution. Analytical people tend not to worry too much about the nature of ...

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Animator Shuyi Chiou and the folks at CreatureCast give an adorable introduction to the central limit theorem – an important concept in probability theory that can reveal normal distributions (i.e.

The usual local central limit theorem provides an approximation for the probability for an iid sequence . The approximation is proportional to the lattice size of the underlying distribution of the ...

In this paper, the importance of the empirical bootstrap (EB) in assessing minimal operational risk capital is discussed, and an alternative way of estimating minimal operational risk capital using a ...

This video describes the central limit theorem and some properties of the normal distribution. Understanding this will help you tie together many of the different types of hypothesis tests and ...