Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

According to a recent poll by Gallup.com, 59% of Americans believe that the amount they pay in income taxes is fair. The survey was based on a sample 1017 American adults. If the pollsters talked to ...

1 Department of Studies in Statistics, University of Mysore, Mysore, India. 2 All India Institute of Speech and Hearing, Mysore, India. In many studies where sampling is used, such as environmental ...

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...