Examlex
One spring day while on a walk, you discover a puddle full of photosynthetic microbial eukaryotes.You collect a sample and bring it back to your lab with the hopes of identifying the predominant photosynthetic group in the mix.Design an experiment to determine whether these photosynthetic organisms are euglenids.
Investment
The allocation of resources, such as capital, time, or effort, in hope of generating a gain or profit in the future.
Fat Tails
Refers to the occurrences of extreme movements in stock prices or higher than normal risks in investments, which lead to heavy tails in a probability distribution.
Kurtosis
Measure of the fatness of the tails of a probability distribution. Indicates probability of observing extreme high or low values.
Skewness
A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.
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