Explores the limit distribution of componentwise maxima of independent random variables, leading to a non-degenerate distribution with unit Fréchet margins.
Explores importance sampling through a change of variable to speed up Monte Carlo calculations and discusses the impact on stochastic estimates and variance scaling.
Explores mean, variance, probability functions, inequalities, and various types of random variables, including Binomial, Geometric, Poisson, and Gaussian distributions.
Explores extreme values in random variables, applications in environmental factors, reliability modeling, block maxima distribution, and the Generalized Extreme Value distribution.
