The Monte Carlo simulation technique, named for the famous Monaco gambling resort, originated during World War II as a way to model potential outcomes from a random chain of events. It is particularly ...

In this paper we define the concept of a normal fuzzy random variable and we prove the following representation theorem: Every normal fuzzy random variable equals the sum of its expected value and a ...

When some model effects are random (that is, assumed to be sampled from a normal population of effects), you can specify these effects in the RANDOM statement in order to compute the expected values ...

Tables are given of the expected value of 1/X, the expected value of 1/X 2, and the standard deviation of 1/X, where X is a variable following a negative binomial distribution whose zero class is ...

Apply arithmetic mean of frequency distribution to find the expected value of a random variable The expected value of discrete random variable as summation of product of discrete random variable by ...