Probability and Statistics
Math, Probability and Statistics
Maximum Likelihood Estimation
The method of maximum likelihood estimation allows to estimate point parameters for a given distribution underlying some observed data. Let’s look at an example to understand what this means:Imagine you
Probability and Statistics
How to create a random variable with a Beta distribution from scratch, using only Uniform random variables
You can use software, like scipy.stats.beta if you want to sample from a Beta distribution. But you can also create a Beta distribution yourself — from scratch. The only thing you need
Probability and Statistics
Which envelope should you choose?
A detailed solution for a problem about total probability This article tackles problem number 7 of chapter 9 from the book “Introduction to Probability” by Blitzstein and Hwang, second edition.