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Mathematics is a natural language for quantifying and codifying thoughts and ideas. It is also a language of precision and logic. Just as pictures or words can be used to describe objects or actions, ...
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Let T denote a subset of the possible transitions between the states of a finite Markov chain and let Yk denote the time of the kth occurrence of a T-transition. Formulae are derived for the ...
Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.
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