The efficiency of Monte Carlo simulations is significantly improved when implemented with variance reduction methods. Among these methods, we focus on the popular importance sampling technique based ...

This program opens opportunities in enhancing statistical skills for validation projects, focusing on variance, sample distributions, and process capability, which are crucial for setting acceptance ...

A procedure is suggested to eliminate dependency on the species-area curve, based on the view that the most important fact of plant distribution is the distribution of quantity of material as ...

What's the best way to get a statistically reliable sample of people who are hard to identify, such as illegal-drug users in large cities, itinerant jazz musicians, aging Manhattan artists and ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Robert Kelly is managing director of XTS Energy LLC, and has more ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

However, the use of statistical sampling in a much broader manner is far from universally accepted. In particular, whether sampling is permitted in the context of civil lawsuits under the False Claims ...

here is very good news for CPAs whose clients face the often burdensome administrative costs of claiming allowable expense deductions for meals and entertainment (M&E)—the IRS now will permit the use ...

After waiting over a year to hear what the Fourth Circuit would say about statistical sampling in False Claims Act cases, the court of appeals recently chose to keep us in suspense. Despite initially ...

Try dropping the words "statistical sampling" while in conversation with a Republican politician and watch the sizzle. Why does such a nerdy blending of adjective and noun inflame GOP lawmakers like ...