Developed by the Statistician Ronald Fisher, Analysis of Variance (ANOVA) is a statistical model that helps to us to analyse the variability present in the data. Analysis of Variance (ANOVA) – One Way: The total variation present in a set of observable quantities may under …
Actuarial Applications involve usage of probability distributions to a great extent. There are two types of probability distributions, one is Discrete Distributions and the other is Continuous Distributions. Lets have a look to a few Continuous Distributions used in Actuarial Applications. We will discuss the …
Actuarial Applications involve usage of probability distributions to a great extent. There are two types of probability distributions, one is Discrete Distributions and the other is Continuous Distributions. In this article, we will look into the varied Applications of Discrete Distributions in Actuarial Science using …
In every programming language there are many different variables are required to store data that you will be used within a program and those variables are assigned with a type and that variable has to assign that type of data only. In this article, we …
Contents of Introduction to R In this Introduction to R, we are going to introduct you to the below components. We are going to cover basic understanding of What is R, variables storing, calculations, filtering, importing data, and installing packages in R. What is R software? …
This post is by Mathematicacity. The link to the website is given below. https://mathematicacity.co.in Meaning of Reinsurance: Reinsurance is the insurance taken by the insurance companies itself. The reinsurance is undertaken by the insurance companies to mitigate risk. It helps the company to share the …