Low statistical power undermines the purpose of scientific research; it reduces the chance of detecting a true effect. Perhaps less intuitively, low power also reduces the likelihood that a ...

Professor Klaus Nordhausen develops modern multivariate statistical methods to analyze high-dimensional and large datasets in different fields.

Functional safety engineers follow the ISA/IEC 61511 standard and perform calculations based on random hardware failures. These result in very low failure probabilities, which are then combined with ...

Descriptive statistics are the cornerstone of data analysis. This method provides the researcher with the tools necessary to understand the statistics on hand. It offers insight into the ...

Statistics and science have been publicly slammed by some. The issues of climate change and COVID-19, in particular, have stirred accusations of bias, conspiracies, and even hoaxes (Philipp-Muller et ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Class 8RB are doing a charity bike ride. The teacher of the class sponsors each pupil. She says that if they take part in the race they will receive £1 each. To any student who cycles over 10 miles, ...