The utility function measures a consumer’s preference for goods or services in terms of satisfaction. Learn how to calculate it and why it’s important to economists and businesses.

Discover what quartiles are in statistics, how to calculate them, and see examples to help you interpret data more ...

A general definition of concentration function is proposed. Its connections with Lorenz-Gini curve and de Finetti's definition are analysed. A few possible applications of the new definition are ...

Researchers identified three regions of the brain that predict improvement in math learning — the posterior parietal cortex, ventrotemporal occipital cortex, and the prefrontal cortex. Stanford ...