Forbes contributors publish independent expert analyses and insights. Dr. Lance B. Eliot is a world-renowned AI scientist and consultant. In today’s column, I examine a newly revealed technique in ...

It's not feasible to contact every member of the population, so only a sample, or a subset, of that population is included when conducting statistical research. The assumption is that the sample is ...

As an independent nonprofit, the Internet Archive is fighting for universal access to quality information. We build and maintain all our own systems, but we don’t charge for access, sell user ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

This technical note covers household surveys with a focus on probability sampling, bias, and survey weights. It explains how households are selected in a representative way from a population for a ...

Once you have a basic understanding of sports betting odds, it’s easy to determine the favorite or underdog in a game and the favored option among a range of choices. You can also go a step further by ...

Probability is a measure of how likely an event is to occur within a specific range of possible outcomes. While it is often associated with gambling, probability theory plays a vital role in various ...