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A laconic phrase or laconism is a concise or terse statement, especially a blunt and elliptical rejoinder. [1] [2] It is named after Laconia, the region of Greece including the city of Sparta, whose ancient inhabitants had a reputation for verbal austerity and were famous for their often pithy remarks.
Independence is a fundamental notion in probability theory, as in statistics and the theory of stochastic processes.Two events are independent, statistically independent, or stochastically independent [1] if, informally speaking, the occurrence of one does not affect the probability of occurrence of the other or, equivalently, does not affect the odds.
An example in economics is "If the price of milk falls, ceteris paribus, the quantity of milk demanded will rise." This means that, if other factors, such as deflation, pricing objectives, utility, and marketing methods, do not change, the decrease in the price of milk will lead to an increase in demand for it. [5]
After the problem appeared in Parade, approximately 10,000 readers, including nearly 1,000 with PhDs, wrote to the magazine, most of them calling Savant wrong. [4] Even when given explanations, simulations, and formal mathematical proofs, many people still did not accept that switching is the best strategy. [ 5 ]
The stock market's "systemic problem" is rearing its ugly head again. The 10-year Treasury yield (^TNX) has surged nearly 50 basis points in the past month, reaching above 4.6% for the first time ...
Nearly 60 million residents were placed under winter weather alerts, including Winter Storm Warnings and Ice Storm Warnings, with major impacts expected between Interstates 50 and 70.
Retrocausality, or backwards causation, is a concept of cause and effect in which an effect precedes its cause in time and so a later event affects an earlier one. [1] [2] In quantum physics, the distinction between cause and effect is not made at the most fundamental level and so time-symmetric systems can be viewed as causal or retrocausal.
Individual random events are, by definition, unpredictable, but if there is a known probability distribution, the frequency of different outcomes over repeated events (or "trials") is predictable. [note 1] For example, when throwing two dice, the outcome of any particular roll is unpredictable, but a sum of 7 will tend to occur twice as often ...