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Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, etc.). It has standalone keys for many financial calculations and functions, making such ...
History. A simple arithmetic calculator was first included with Windows 1.0.. In Windows 3.0, a scientific mode was added, which included exponents and roots, logarithms, factorial-based functions, trigonometry (supports radian, degree and gradians angles), base conversions (2, 8, 10, 16), logic operations, statistical functions such as single variable statistics and linear regression.
Statistics is a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and presentation of data, [9] or as a branch of mathematics. [10] Some consider statistics to be a distinct mathematical science rather than a branch of mathematics. While many scientific investigations make use of data ...
This picture shows clockwise from top left: An Arithmometer, a Comptometer, a Dalton adding machine, a Sundstrand, and an Odhner Arithmometer. A mechanical calculator, or calculating machine, is a mechanical device used to perform the basic operations of arithmetic automatically, or (historically) a simulation such as an analog computer or a ...
A scientific calculator is an electronic calculator, either desktop or handheld, designed to perform calculations using basic ( addition, subtraction, multiplication, division) and complex ( trigonometric, hyperbolic, etc.) mathematical operations and functions. They have completely replaced slide rules as well as books of mathematical tables ...
Typically, the sufficient statistic is a simple function of the data, e.g. the sum of all the data points. More generally, the "unknown parameter" may represent a vector of unknown quantities or may represent everything about the model that is unknown or not fully specified. In such a case, the sufficient statistic may be a set of functions ...
Statistical mechanics. Fermi–Dirac statistics is a type of quantum statistics that applies to the physics of a system consisting of many non-interacting, identical particles that obey the Pauli exclusion principle. A result is the Fermi–Dirac distribution of particles over energy states. It is named after Enrico Fermi and Paul Dirac, each ...