This paper is concerned with the determination of tight lower and upper bounds on the expectation of a convex function of a random variable. The classic bounds are those of Jensen and ...

How to Generate a Random Variable With Normal Distribution in Excel. Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be ...

Jensen gave a lower bound to Eρ (T), where ρ is a convex function of the random vector T. Madansky has obtained an upper bound via the theory of moment spaces of multivariate distributions. In ...