Abstract: Monte Carlo simulation has been widely used as a standard tool for estimating expectations. In this paper we develop a variance reduction technique for a particular case when the expectation ...
Abstract: This paper presents exact formulas for the probability distribution function (PDF) and moment generating function (MGF) of the sum-product of statistically independent but not necessarily ...
Dreaming of a self build? Here's how much it could cost to build a house in 2026, and a break down of where your money will ...
Right now, molecules in the air are moving around you in chaotic and unpredictable ways. To make sense of such systems, physicists use a law known as the Boltzmann distribution, which, rather than ...