Statistical principles | Statistical laws | Tails of probability distributions
The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity. Management consultant Joseph M. Juran developed the concept in the context of quality control and improvement after reading the works of Italian economist Vilfredo Pareto, who wrote about the 80/20 connection while at the University of Lausanne. In his first work, Cours d'économie politique, Pareto showed that approximately 80% of the land in Italy was owned by 20% of the population. The Pareto principle is only tangentially related to Pareto efficiency. Mathematically, the 80/20 rule is roughly described by a power law distribution (also known as a Pareto distribution) for a particular set of parameters. Many natural phenomena distribute according to power law statistics. It is an adage of business management that "80% of sales come from 20% of clients". (Wikipedia).
Introduction to Parametric Equations
This video defines a parametric equations and shows how to graph a parametric equation by hand. http://mathispower4u.yolasite.com/
From playlist Parametric Equations
Concavity and Parametric Equations Example
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Concavity and Parametric Equations Example. We find the open t-intervals on which the graph of the parametric equations is concave upward and concave downward.
From playlist Calculus
Calculus 2: Parametric Equations (1 of 20) What is a Parametric Equation?
Visit http://ilectureonline.com for more math and science lectures! In this video I will explain what is a parametric equation. A parametric equation is an equation that expresses each variable of an equation in terms of another variable. Next video in the series can be seen at: https://
From playlist CALCULUS 2 CH 17 PARAMETRIC EQUATIONS
Solve the general solution for differentiable equation with trig
Learn how to solve the particular solution of differential equations. A differential equation is an equation that relates a function with its derivatives. The solution to a differential equation involves two parts: the general solution and the particular solution. The general solution give
From playlist Differential Equations
Parity in Quantum Mechanics: Position Operator
In this video, we will talk about parity in quantum mechanics, and in particular: how does the position operator change under a parity transformation? Contents: 00:00 Introduction 01:13 Parity Operator If you want to help us get rid of ads on YouTube, you can become a member... https://
From playlist Quantum Mechanics, Quantum Field Theory
6. From Classical to Neoclassical Utilitarianism
Moral Foundations of Politics (PLSC 118) In this economics-oriented lecture, Professor Shapiro introduces neoclassical utilitarianism as it was formulated by economist Vilfredo Pareto and further described by Francis Edgeworth, examining such concepts as indifference curves, transitivit
From playlist The Moral Foundations of Politics with Ian Shapiro
Welcome to Quantitative Risk Management (QRM). There is so much confusion about tails, that it is time to clarify what we are speaking about. Heavy tails, long tails and fat tails are not the same thing from a statistical and probabilistic point of view. In mathematics we need to be preci
From playlist Quantitative Risk Management
Pareto Analysis for Beginners in Excel
Check out the article on Pareto Analysis and download the Excel file here: https://magnimetrics.com/pareto-principle-in-financial-analysis/ Fill our survey for a FREE Benchmark Analysis template! https://forms.gle/A4MLhr7J5rRG1JBi8 If you like this video, drop a comment, give it a thumbs
From playlist Excel Tutorials
Differential Equations | Convolution: Definition and Examples
We give a definition as well as a few examples of the convolution of two functions. http://www.michael-penn.net http://www.randolphcollege.edu/mathematics/
From playlist Differential Equations
Simplified Machine Learning Workflows with Anton Antonov, Session #8: Semantic Analysis (Part 3)
Anton Antonov, a senior mathematical programmer with a PhD in applied mathematics, live-demos key Wolfram Language features that are very useful in machine learning. This session will be the part 3 where he discusses the Latent Semantic Analysis Workflows. Notebook materials are available
From playlist Simplified Machine Learning Workflows with Anton Antonov
Paradoxes of Liberty - Amartya Sen (1981)
Amartya Sen theoretically discusses the meaning of Liberty and problems inherent in its definition. This talk was given in 1981 at Queen's University in the Chancellor Dunning Trust Lecture series. 00:00 Talk 1:00:21 Questions #Philosophy #PoliticalPhilosophy #Ethics
From playlist Social & Political Philosophy
Solving an equation with variables on both side and one solution
👉 Learn how to solve multi-step equations with variable on both sides of the equation. An equation is a statement stating that two values are equal. A multi-step equation is an equation which can be solved by applying multiple steps of operations to get to the solution. To solve a multi-s
From playlist Solve Multi-Step Equations......Help!
QRM 5-1: Tails in Data - MS Plot and Concentration Profile
Welcome to Quantitative Risk Management (QRM). Let us continue our discussion about the graphical tools we can use to study tails. We will consider the very useful Max-to-Sum (MS) plot, able to tell us something about the existence of moments, and the Concentration Profile, another way of
From playlist Quantitative Risk Management
Support Vsauce, your brain, Alzheimer's research, and other YouTube educators by joining THE CURIOSITY BOX: a seasonal delivery of viral science toys made by Vsauce! A portion of all proceeds goes to Alzheimer's research and our Inquisitive Fellowship, a program that gives money and resour
From playlist Language
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Solving an equation with distributive property on both sides
👉 Learn how to solve multi-step equations with parenthesis and variable on both sides of the equation. An equation is a statement stating that two values are equal. A multi-step equation is an equation which can be solved by applying multiple steps of operations to get to the solution. To
From playlist Solve Multi-Step Equations......Help!
17. Distributive Justice and the Welfare State
Moral Foundations of Politics (PLSC 118) The main focus of today's discussion is Rawls's third, and most problematic, principle is the difference principle, which states that income and wealth is to be distributed "to the greatest benefit of the least advantaged individual." This stems
From playlist The Moral Foundations of Politics with Ian Shapiro
7. The Neoclassical Synthesis of Rights and Utility
Moral Foundations of Politics (PLSC 118) John Stuart Mill's synthesis rights and utility follows naturally in the vein of neoclassical utilitarianism, and it attempts to compensate for many of the shortcomings of Bentham's classical utilitarianism. In the end, it turns out to be a doctr
From playlist The Moral Foundations of Politics with Ian Shapiro
How to solve differentiable equations with logarithms
Learn how to solve the particular solution of differential equations. A differential equation is an equation that relates a function with its derivatives. The solution to a differential equation involves two parts: the general solution and the particular solution. The general solution give
From playlist Differential Equations