Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...

Advances in Applied Probability, Vol. 53, No. 2 (JUNE 2021), pp. 370-399 (30 pages) We derive the large-sample distribution of the number of species in a version of Kingman’s Poisson–Dirichlet model ...

p is the probability of success for the binomial distribution, where . In terms of acceptance sampling, p is the probability of selecting a nonconforming item. n is the number of independent Bernoulli ...