Based on the compounding mechanism, a unique discrete probability distribution is investigated in this paper. The Poisson distribution is mixed with a lifetime model called as the Fav-Jerry model. The ...

In this paper, we consider the function f p ( t )= 2p X 2 ( 2p t+p;p ) , where χ²(x; n) defined by X 2 ( x;p )= 2 −p/2 Γ( p/2 ) e −x/2 x p/2−1 , is the density function of a χ²-distribution with n ...

Article subjects are automatically applied from the ACS Subject Taxonomy and describe the scientific concepts and themes of the article. The application presented here utilizes the R Shiny platform to ...

As is well known, the normal distribution is a key tool in probability and statistics. It can be described as a distribution that obeys a universal rule derived from one of the most important theorems ...

Probability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, or professional ...

The COS method was introduced in Fang & Oosterlee (2008) and then was applied to pricing a variety of stock options for continuous random variables. This paper adapts the Fourier-cosine series (COS) ...