Abstract: In structural reliability calculation, there are fuzzy uncertainties in the distribution parameters of random variables, which bring the problem of large computation and poor precision. In ...

David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Probability distributions help investors model uncertainty ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Monte Carlo ...

Abstract: The statistical characterization of a sum of random variables (RVs) is useful for investigating the performance of wireless communication systems. We derive exact closed-form expressions for ...