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All published articles 500

Radial Basis Function in Nonlinear Black-Scholes Option Pricing Equation with Transaction Cost

Godwin Onwona-Agyeman & Francis T. Oduro · Asian Journal of Probability and Statistics · 2019

Differential equations play significant role in the world of finance since most problems in these areas are modeled by differential equations. Majority of these problems are sometimes nonlinear and are normally solved by the use of numerical methods. This work takes a critical lo...

Open access Research Article 10.9734/ajpas/2019/v5i330138

On the Properties and Applications of a Transmuted Lindley-Exponential Distribution

Adamu Abubakar Umar, Innocent Boyle Eraikhuemen, Peter Oluwaseun Koleoso, Jerry Joel & Terna Godfrey Ieren · Asian Journal of Probability and Statistics · 2019

The Quadratic rank transmutation map proposed for introducing skewness and flexibility into probability models with a single parameter known as the transmuted parameter has been used by several authors and is proven to be useful. This article uses this method to add flexibility t...

Open access Research Article 10.9734/ajpas/2019/v5i330139

Lomax Weibull Distribution

Benjamin Apam, Nasiru Suleman & Emmanuel Adjei · Asian Journal of Probability and Statistics · 2019

In this article, we introduce the Lomax-Weibull (LoW) distribution using the method of composition of CDFs from the Lomax and Weibull distributions. Expressions for the moment generating function, hazard and survival functions were derived. A plot of the probability distribution...

Open access Research Article 10.9734/ajpas/2019/v5i330137

The Treatment of Second Order Ordinary Differential Equations Using Equidistant One-step Block Hybrid

Y. Skwame, J. Sabo & M. Mathew · Asian Journal of Probability and Statistics · 2019

A general one-step hybrid block method with equidistant of order 6 has been successfully developed for the direct solution of second order IVPs in this article. Numerical analysis shows that the developed method is consistent and zero-stable which implies its convergence. The ana...

Open access Research Article 10.9734/ajpas/2019/v5i330136

The Effect of Background on Students’ Interest in Mathematics: The Mediation of Students’ Motivation and Perception in Ghana

Yarhands Dissou Arthur · Asian Journal of Probability and Statistics · 2019

The dependence of scientific and technological advancement on mathematics requires investigation into what affects students’ motivation in mathematics. The present study investigated the influence of students’ background (SB) as mediated by students’ perception (SP), and students...

Open access Research Article 10.9734/ajpas/2019/v5i330135

Selection of Second Order Models’ Design Using D-, A-, E-, T- Optimality Criteria

Wangui Patrick Mwangi, Ayubu Anapapa & Argwings Otieno · Asian Journal of Probability and Statistics · 2019

There are numerous designs for fitting second order models that can be used in conjunction with the response surface methodology (RSM) technique in optimization processes, be it in agriculture, industries and so on. Some of the designs include the equiradial, Notz, San Cristobal,...

Open access Research Article 10.9734/ajpas/2019/v5i230134

Diagnosing Multicollinearity of Logistic Regression Model

N. A. M. R. Senaviratna & T. M. J. A. Cooray · Asian Journal of Probability and Statistics · 2019

One of the key problems arises in binary logistic regression model is that explanatory variables being considered for the logistic regression model are highly correlated among themselves. Multicollinearity will cause unstable estimates and inaccurate variances that affects confid...

Open access Research Article 10.9734/ajpas/2019/v5i230132

Tendency of ICT Usage among Adolescent in Oredo Local Govenrment Primary Schools, Benin City, Edo State-Nigeria

Maxwell Scale Uwadia Osagie, Osamwonyi Glory, Okoawo Bridget Obehi, Ikediashi A. John, Ekhator Joseph Osarenkhoe, Agbontaen Abieyuwa Shirley, Uruneden Herietta, Odili Ify Rophina & Uwadiae Monday Osamudiamen · Asian Journal of Probability and Statistics · 2019

The viability of a society depends largely on the learning outcome of its teenagers. Raising them can be challenging because modern society is embolden with information communication technology (ICT) that do not only isolate them from peers but create mental disorder in them. ICT...

Open access Research Article 10.9734/ajpas/2019/v5i230133

Relationship between Financial Literacy and Its Component: A Research on Working Women

Nur Najihah Binti Ashaari & Zahayu Binti Md. Yusof · Asian Journal of Probability and Statistics · 2019

Developing countries, such as Malaysia, are in need of working women to help to improve the country's economy. Thus, it is of immense need for our economy to take into consideration the fact that where and how working women are spending or investing their funds. For appropriate u...

Open access Research Article 10.9734/ajpas/2019/v5i230130

The Role of Information and Communication Technology (ICT) in the Academic Performance of the University of Benin Post Graduate Students

Maxwell Scale Uwadia Osagie, Daniel E. Ajayi, Ozioma Okoye, E. O. Faith, Emina Anwuli, Eunice Osian, Favour O. Osarobomwen, Samuel Ovie Makpor, Ehnimuah . & Victoria Ehimare Josiah · Asian Journal of Probability and Statistics · 2019

Student performance has several elements, but most significant is the role the information and communication technology plays. The performance of students in modern education is quite different from the traditional method used over the past decades. ICT is a revolution and has in...

Open access Research Article 10.9734/ajpas/2019/v5i230131

Modelling Nigeria Naria Exchange Rate against Some Selected Country’s Currencies Volatility: Application of GARCH Model

Ajayi Abdulhakeem, Samuel Olorunfemi Adams & Rafiu Olayinka Akano · Asian Journal of Probability and Statistics · 2019

This paper examines the exchange rate volatility with GARCH-type model of the daily exchange rate return series from January 2012 – August 2016 for Naira/Chinese Yuan, Naira/India Rupees, Naira/Spain Euro, Naira/UK Pounds and Naira/US Dollar returns. The studies compare estimates...

Open access Research Article 10.9734/ajpas/2019/v5i130128

An Updated Algorithm for Moderate Censoring in Time-to-Event Data Using Rank-based Regression

Milind A. Phadnis · Asian Journal of Probability and Statistics · 2019

Aim: To propose an updated algorithm with an extra step added to the Newton-type algorithm used in robust rank based non-parametric regression for minimizing the dispersion function associated with Wilcoxon scores in order to account for the effect of covariates. Methodology: The...

Open access Research Article 10.9734/ajpas/2019/v5i130127

Estimation of Non-smooth Functionals in Hilbert Sample Space Using the Edgeworth Expansions

M. M. Kololi, G. O. Orwa, J. K. Mung’atu & R. O. Odhiambo · Asian Journal of Probability and Statistics · 2019

An arbitrary non-smooth functional is estimated using a nonparametric set-up. Exploratory data analysis methods are relied on to come up with the functional form for the sample to allow both robustness and optimality to be achieved. An infinite number of parameters are involved a...

Open access Research Article 10.9734/ajpas/2019/v5i130126

Non-surgical Management of Large Periapical Lesions with the Agreement Evaluation of the Methods

B. G. M. Lakmali, Lakshika S. Nawarathna & M. C. N. Fonseka · Asian Journal of Probability and Statistics · 2019

Aim: The aim of this study is to evaluate the agreement between three routinely used non-surgical management techniques for large periapical lesions namely the treatments with Calcium hydroxide, Mineralo-Trioxide Aggregate and Bio-dentine. Methods: Data was collected from 60 pati...

Open access Research Article 10.9734/ajpas/2019/v5i130125

Analytical Hierarchy Process (AHP) Model for Prioritizing Alternative Strategies for Malaria Control

Joel Simon, Ali Adamu, Ahmed Abdulkadir & Akpensuen Shiaondo Henry · Asian Journal of Probability and Statistics · 2019

Aim: “This study Analytical Hierarchy Process (AHP) Model for Malaria Control” was aimed at using analytical hierarchy process model to prioritize alternative strategies for malaria control. Place and the Duration of the Study: The study was carried out in Bauchi State, Nigeria f...

Open access Research Article 10.9734/ajpas/2019/v5i130124