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TLFeBOOK
FUNDAMENTALSOF PROBABILITY
AND STATISTICS FOR ENGINEERS
T. T. Soong
State University of New York at Buffalo, Buffalo, New York, USA
TLFeBOOK
FUNDAMENTALSOF PROBABILITY
AND ... associated with a random experiment, probability is defined as
the conditional probabilityof A , given that B has occurred. Intuitively, this
probability can be interpreted by means of relative ... applicable body of
knowledge.
The choice of the contents for this book is in line with the foregoing
observations. The major objective is to give a careful presentation of the
fundamentals in probability...
... of the quantity of interest, within certain
limits of accuracy an d precision. Accuracy is the degre e to which the measured value agrees
with the true value of the quantity of interest. A measurement ... a velocity of
5 m/sec. The space between them is occupied by a
fluid of unknown viscosity. The motion of the plates
is resisted by a shear stress of 10 Pa because of the
viscosity of the fluid. ... parallel to the straight portion of the curve but offset from it by a
strain of 0.2%. The yield point is a strength characteristic of the material, and is therefore
often referred to as the yield...
... to different phases of trading regardless of
whether they are professionals or beginners. Some new traders have char-
acteristics that are more developed than those of professional traders.
Conversely, ... takes the cream of that crop, and even-
tually professional sports takes the best of the best. The minority suc-
ceeds. There are numerous examples of how the minority succeeds. One
of the things ... create the illusion of certainty and predictabil-
ity. Systems do not tell the future. They simply provide us with signals for
entry and exit. Systems offer a probabilityof success, not a certainty.
Once...