Statistics Archives - Econowmics

Benford’s Law

Benford’s Law states that in the numerical datasets of decimal format, the leading digit of any number is much more likely to be a 1.

Python Programming / Statistics

[Python] Catalan Numbers

Catalan numbers are a sequence of natural numbers with applications in many counting problems and combinatorial mathematics.

Python Programming / Statistics / Terms and Concepts

Shakespeare’s Nightmare: Monkeys on Typewriters

Will infinite monkeys randomly pushing buttons on infinite typewriters create all of Shakespeare’s books? That is the question.

Law of Large Numbers - Old Adding Machine

Mathematics / Statistics / Terms and Concepts

The Law of Large Numbers

Law of Large Numbers (LLN) states that as the number of observations of an event increases, the observed probability approaches to the expected value.

Category: Statistics

Benford’s Law

[Python] Catalan Numbers

Shakespeare’s Nightmare: Monkeys on Typewriters

The Law of Large Numbers