loans

Statistics has a reputation of being the most painful of the foundation sciences for finance—but  we absolutely need it to describe an uncertain future. Fortunately, although statistics can be a diffcult subject, if you have ever placed a bet in the past, chances are that you already have a good intuitive grasp of what you need. In fact, I had already sneaked the term “expected” into previous posts, even though we only now firm up your knowledge of this important statistical concept.