In the world of data analysis and statistics, continuous and discrete data play fundamental roles. These two types of quantitative data serve different purposes as people use them to draw valuable ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

This research was motivated by design problems in queueing theory where the objective function is composed of a discrete variable and a continuous variable. Sufficient conditions are developed such ...

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...