Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for ...

Biometrika is primarily a journal of statistics in which emphasis is placed on papers containing original theoretical contributions of direct or potential value in applications. From time to time, ...

The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

Their results are extended here by obtaining the distribution of the ratio of two random variables having this general life distribution. This result is used to examine the robustness of the ...