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  2. Three-point estimation - Wikipedia

    en.wikipedia.org/wiki/Three-point_estimation

    The 99.7% confidence interval for the true project work time is approximately E(project) ± 3 × SD(project) Information Systems typically uses the 95% confidence interval for all project and task estimates. [2] These confidence interval estimates assume that the data from all of the tasks combine to be approximately normal (see asymptotic ...

  3. Incremental cost-effectiveness ratio - Wikipedia

    en.wikipedia.org/wiki/Incremental_cost...

    The incremental cost-effectiveness ratio (ICER) is a statistic used in cost-effectiveness analysis to summarise the cost-effectiveness of a health care intervention. It is defined by the difference in cost between two possible interventions, divided by the difference in their effect.

  4. Cost-effectiveness analysis - Wikipedia

    en.wikipedia.org/wiki/Cost-effectiveness_analysis

    Cost-effectiveness analysis focuses on maximising the average level of an outcome, distributional cost-effectiveness analysis extends the core methods of CEA to incorporate concerns for the distribution of outcomes as well as their average level and make trade-offs between equity and efficiency, these more sophisticated methods are of ...

  5. Likelihood function - Wikipedia

    en.wikipedia.org/wiki/Likelihood_function

    [1] [2] [3] When evaluated on the actual data points, it becomes a function solely of the model parameters. In maximum likelihood estimation , the argument that maximizes the likelihood function serves as a point estimate for the unknown parameter, while the Fisher information (often approximated by the likelihood's Hessian matrix at the ...

  6. Pythagorean expectation - Wikipedia

    en.wikipedia.org/wiki/Pythagorean_expectation

    Initially the correlation between the formula and actual winning percentage was simply an experimental observation. In 2003, Hein Hundal provided an inexact derivation of the formula and showed that the Pythagorean exponent was approximately 2/(σ √ π) where σ was the standard deviation of runs scored by all teams divided by the average number of runs scored. [8]

  7. Altman Z-score - Wikipedia

    en.wikipedia.org/wiki/Altman_Z-score

    The original Z-score formula was as follows: [1] Z = 1.2X 1 + 1.4X 2 + 3.3X 3 + 0.6X 4 + 1.0X 5. X 1 = ratio of working capital to total assets. Measures liquid assets in relation to the size of the company. X 2 = ratio of retained earnings to total assets. Measures profitability that reflects the company's age and earning power.

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

  9. Expected return - Wikipedia

    en.wikipedia.org/wiki/Expected_return

    In gambling and probability theory, there is usually a discrete set of possible outcomes. In this case, expected return is a measure of the relative balance of win or loss weighted by their chances of occurring. For example, if a fair die is thrown and numbers 1 and 2 win $1, but 3-6 lose $0.5, then the expected gain per throw is

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