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  2. Memorylessness - Wikipedia

    en.wikipedia.org/wiki/Memorylessness

    The memorylessness property asserts that the number of previously failed trials has no effect on the number of future trials needed for a success. Geometric random variables can also be defined as taking values in N 0 {\displaystyle \mathbb {N} _{0}} , which describes the number of failed trials before the first success in a sequence of ...

  3. Markov property - Wikipedia

    en.wikipedia.org/wiki/Markov_property

    The term strong Markov property is similar to the Markov property, except that the meaning of "present" is defined in terms of a random variable known as a stopping time. The term Markov assumption is used to describe a model where the Markov property is assumed to hold, such as a hidden Markov model .

  4. Examples of Markov chains - Wikipedia

    en.wikipedia.org/wiki/Examples_of_Markov_chains

    Suppose that one starts with $10, and one wagers $1 on an unending, fair, coin toss indefinitely, or until all of the money is lost. If represents the number of dollars one has after n tosses, with =, then the sequence {:} is a Markov process. If one knows that one has $12 now, then it would be expected that with even odds, one will either have ...

  5. Markov chain - Wikipedia

    en.wikipedia.org/wiki/Markov_chain

    For instance, =,, could be defined to represent the state where there is one quarter, zero dimes, and five nickels on the table after 6 one-by-one draws. This new model could be represented by 6 × 6 × 6 = 216 {\displaystyle 6\times 6\times 6=216} possible states, where each state represents the number of coins of each type (from 0 to 5) that ...

  6. Information theory - Wikipedia

    en.wikipedia.org/wiki/Information_theory

    A memoryless source is one in which each message is an independent identically distributed random variable, whereas the properties of ergodicity and stationarity impose less restrictive constraints. All such sources are stochastic. These terms are well studied in their own right outside information theory.

  7. Renewal theory - Wikipedia

    en.wikipedia.org/wiki/Renewal_theory

    For example, if the renewal process is modelling the numbers of breakdown of different machines, then the holding time represents the time between one machine breaking down before another one does. The Poisson process is the unique renewal process with the Markov property , [ 1 ] as the exponential distribution is the unique continuous random ...

  8. Bernoulli process - Wikipedia

    en.wikipedia.org/wiki/Bernoulli_process

    Nevertheless, one can still say that some classes of infinite sequences of coin flips are far more likely than others, this is given by the asymptotic equipartition property. To conclude the formal definition, a Bernoulli process is then given by the probability triple ( Ω , B , P ) {\displaystyle (\Omega ,{\mathcal {B}},P)} , as defined above.

  9. Redundancy (information theory) - Wikipedia

    en.wikipedia.org/wiki/Redundancy_(information...

    (This formula is sometimes called the Hartley function.) This is the maximum possible rate of information that can be transmitted with that alphabet. (The logarithm should be taken to a base appropriate for the unit of measurement in use.) The absolute rate is equal to the actual rate if the source is memoryless and has a uniform distribution.