In probability theory, the central limit theorem (CLT) states that, given certain conditions (large sample size), the arithmetic mean of a sufficiently large number of iterates of independent random variables, each with a well-defined expected value (mean) and finite variance, will be approximately normally distributed,...
Astha, a management trainee, entered her apartment after a long day in the hope of drowning her stress under the shower. She had recently shifted into her current dwelling place courtesy her new job. Facing...
Wall Street is one of the hot-button issues of the 2016 US presidential election campaign season. During their campaign trails, the nominees of both major parties – Democrat Hillary Clinton and Republican Donald Trump –...
Digital marketing seems to have caught the imagination of our young professionals. It is logical because the evolving technologies have a tendency to move away from analog to digital. The ever growing digitalization seems to...
The Asian city-state has taken the lead in becoming the location of the world’s first public experiment with self-driving taxis. The outcome of the trial is likely to revolutionize the global automotive industry. The world’s...
The pressure is on for US cell service providers to grab a slice of a rare new spectrum going up for bids. With lots of ground to cover, T-Mobile has its wallet wide open. But...
Nintendo’s Pokémon Go app has turned the slumping Japanese video game developer into an overnight celebrity on the app market. Can it sustain its success, or is it just experiencing its 15 minutes of fame?...
The adoption of IFRS-converged Indian Accounting Standards, being a reality after almost a-decade-long deliberations and a mega-failed attempt in 2011, is seen to be posing a different kind of challenge to the markets. The quarter...
Deutsche Bank is back on top, though on the wrong peak. According to a recent IMF report, it poses a bigger threat to the global financial system than any other bank in the world. For...
In a bid to shore up the Middle East nation’s finances battered by the global slump in crude prices, Saudi King Salman has pledged to diversify the country’s economy and veer off its heavy dependence...
The country which often gets its reputation through the commercial successes of watches, cheese and chocolate has been named the best in the world for fostering business talent. Lausanne-based business school IMD released its annual...
Pay what you want – PWYW – as it is called is a pricing strategy. It is a pricing model that lets customers decide how much they want to pay, including zero, for a particular...
