Physical Sciences and Mathematics Commons^™

Probability Models And Compounding, David L. Farnsworth, James E. Marengo

Articles

We present the case that the ideas contained in a particular sequence of formulas are important in probability and statistics. The synthesis offered by the concepts in the sequence can be very valuable. Facility with this sequence and its underpinnings should be in the skill set of anyone who uses or studies probability or statistics. For illustrative purposes, we give applications to mixture distributions and Bayesian analyses.