Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A discrete random variable is a type of random variable that can take on a countable set of distinct values. Common examples include the number of children in a family, the outcome of rolling a die, ...

Chance and uncertainty play a role in many aspects of life. A solid understanding of probability enhances critical thinking and empowers us to make well-informed decisions in everyday situations such ...

Bitcoin miners don't solve complex math problems - they guess numbers. While "solving mathematical puzzles" has become a common description of bitcoin mining, the process more closely resembles a ...

Discrete structures are omnipresent in mathematics, computer science, statistical physics, optimisation and models of natural phenomena. For instance, complex random graphs serve as a model for social ...

Any random sequence of events, such as the lapping of ocean waves on the shore, can become a clock – and physicists have now devised a mathematical procedure for making such an odd timepiece and for ...

Abstract: Consider a system comprising sensors that communicate with a remote estimator by way of a so-called collision channel. Each sensor observes a discrete random variable and must decide whether ...

There’s nothing like a little outside motivation as a kid to get your grades up in school. For 11 year-old Kenley Curtin, that’s exactly what helped raise her math grade and it’s all thanks to a ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...