Probability is a mathematical discipline with aims akin to those, for example, of geometry or analytical mechanics. In each field we must carefully distinguish three aspects of the theory: (a) the formal logical content, (b) the intuitive background, and (c) the applications. The character, and the charm, of the whole structure cannot be appreciated without considering all three aspects in their proper relation.
KeywordsHazard Rate Hazard Function Survival Function Gini Index Lorenz Curve
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