If the expected return on two projects is the same but the second has a higher variance (or standard deviation), then the first will be preferred. Also, if the variance on the two projects is the ...

Here, specific environmental variance refers to the deviation from the population mean due to the environmental conditions that are uniquely experienced by each individual. Statistically speaking ...

The Branin, or Branin-Hoo, function has three global minima. The recommended values of a, b, c, r, s and t are: a = 1, b = 5.1 ⁄ (4π 2), c = 5 ⁄ π, r = 6, s = 10 and t = 1 ⁄ (8π). This rescaled form ...

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add up the three means and divide by three. But what if I want the average ...