After final grades were released on January 5, many students in STA237: Probability, Statistics and Data Analysis I woke up ...

Abstract: This paper presents a method for modeling switching networks with overflow links that are offered multi-service traffic generated by a limited number of sources. A particular emphasis is put ...

Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic ...