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 ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

The probability that a certain X belongs to the union of these disjoint (mutually exclusive) events is equal to the sum of the probability that X belongs to each event, added together This corresponds ...

The primary goal of managerial accounting is to supply internal decision-makers with the information necessary to make good planning and cost-control decisions. While data, research studies and ...

Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced ...

As a data scientist, you'll often have to work with statistical distributions. This includes selecting which distribution is most representative of a given set of data. A typical use case includes A/B ...

All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...