Probability underlies much of the modern world – an engineering professor explains how it actually works

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the ...
Investopedia

Nonparametric Statistics: Overview, Types, and Examples

Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor. Timothy Li is a consultant, accountant ...

Bayes' Theorem: What It Is, Formula, and Examples

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...
Nature

Power failure: why small sample size undermines the reliability of neuroscience

Low statistical power undermines the purpose of scientific research; it reduces the chance of detecting a true effect. Perhaps less intuitively, low power also reduces the likelihood that a ...