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Fudge Factor
A fudge factor is an ''ad hoc'' quantity or element introduced into a calculation, formula or model in order to make it fit observations or expectations. Also known as a "Correction Coefficient" which is defined by: : \kappa_c = \frac Examples include Einstein's Cosmological Constant, dark energy, the initial proposals of dark matter and inflation. Examples in science Some quantities in scientific theory are set arbitrarily according to measured results rather than by calculation (for example, Planck's constant). However, in the case of these fundamental constants, their arbitrariness is usually explicit. To suggest that other calculations may include a "fudge factor" may suggest that the calculation has been somehow tampered with to make results give a misleadingly good match to experimental data. Cosmological constant In theoretical physics, when Albert Einstein originally tried to produce a general theory of relativity, he found that the theory seemed to predict the gravit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ad Hoc
Ad hoc is a Latin phrase meaning literally 'to this'. In English, it typically signifies a solution for a specific purpose, problem, or task rather than a generalized solution adaptable to collateral instances. (Compare with '' a priori''.) Common examples are ad hoc committees and commissions created at the national or international level for a specific task. In other fields, the term could refer to, for example, a military unit created under special circumstances (see '' task force''), a handcrafted network protocol (e.g., ad hoc network), a temporary banding together of geographically-linked franchise locations (of a given national brand) to issue advertising coupons, or a purpose-specific equation. Ad hoc can also be an adjective describing the temporary, provisional, or improvised methods to deal with a particular problem, the tendency of which has given rise to the noun ''adhocism''. Styling Style guides disagree on whether Latin phrases like ad hoc should be italici ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Theory Of Relativity
General relativity, also known as the general theory of relativity and Einstein's theory of gravity, is the differential geometry, geometric scientific theory, theory of gravitation published by Albert Einstein in 1915 and is the current description of gravitation in modern physics. General theory of relativity, relativity generalizes special relativity and refines Newton's law of universal gravitation, providing a unified description of gravity as a geometric property of space and time in physics, time or four-dimensional space, four-dimensional spacetime. In particular, the ' is directly related to the energy and momentum of whatever matter and radiation are present. The relation is specified by the Einstein field equations, a system of second order partial differential equations. Newton's law of universal gravitation, which describes classical gravity, can be seen as a prediction of general relativity for the almost flat spacetime geometry around stationary mass distribution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plug (accounting)
A plug, also known as reconciling amount, is an unsupported adjustment to an accounting record or general ledger. Ideally, bookkeeping should account for all numbers during reconciliation, i.e. when comparing two sets of accounting records to make sure they are in agreement. However, discrepancies, i.e. unintentional accounting errors can occur, for example due to data entry, or an adding or a rounding error. An organization may use a plug for an immaterial amount, because it may not be cost effective to search through numerous pages of transactions to find the error. The acceptability of a plug depends upon the amount: a plug must be immaterial in order to be justified. Definition The most basic definition of a plug may be "a placeholder number which is used in an overall cost or budget estimate until a more accurate figure can be obtained". Plugging has been described as "the use of false numbers in financial ledgers that forces balances, and effectively masks accounting errors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confidence Interval
In frequentist statistics, a confidence interval (CI) is a range of estimates for an unknown parameter. A confidence interval is computed at a designated ''confidence level''; the 95% confidence level is most common, but other levels, such as 90% or 99%, are sometimes used. The confidence level represents the long-run proportion of corresponding CIs that contain the true value of the parameter. For example, out of all intervals computed at the 95% level, 95% of them should contain the parameter's true value. Factors affecting the width of the CI include the sample size, the variability in the sample, and the confidence level. All else being the same, a larger sample produces a narrower confidence interval, greater variability in the sample produces a wider confidence interval, and a higher confidence level produces a wider confidence interval. Definition Let be a random sample from a probability distribution with statistical parameter , which is a quantity to be estima ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthropic Principle
The anthropic principle, also known as the "observation selection effect", is the hypothesis, first proposed in 1957 by Robert Dicke, that there is a restrictive lower bound on how statistically probable our observations of the universe are, because observations could only happen in a universe capable of developing intelligent life. Proponents of the anthropic principle argue that it explains why this universe has the age and the fundamental physical constants necessary to accommodate conscious life, since if either had been different, we would not have been around to make observations. Anthropic reasoning is often used to deal with the notion that the universe seems to be finely tuned for the existence of life. There are many different formulations of the anthropic principle. Philosopher Nick Bostrom counts them at thirty, but the underlying principles can be divided into "weak" and "strong" forms, depending on the types of cosmological claims they entail. The weak anthropic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineering
Engineering is the use of scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more specialized fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering. The term ''engineering'' is derived from the Latin ''ingenium'', meaning "cleverness" and ''ingeniare'', meaning "to contrive, devise". Definition The American Engineers' Council for Professional Development (ECPD, the predecessor of ABET) has defined "engineering" as: The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct or operate the same with full cognizance of their design; or to forecast their behavior under speci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shrinkage (accounting)
In accounting, inventory shrinkage (sometimes shortened to shrinkage or shrink) occurs when a retailer has fewer items in stock than in the inventory list due to clerical error, goods being damaged, lost, or stolen between the point of manufacture (or purchase from a supplier) and the point of sale. This affects profit: if shrinkage is large, profits decrease. This leads retailers to increase prices to make up for losses, passing the cost of shrinkage onto customers. In 2008, the retail industry in the United States experienced shrinkage rates of around 1.52% of sales.''National Retail Security Survey'' (2009) University of Florida During the same year, retailers in Europe and Asia Pacific reported average shrinkage of about 1.27% and 1.20% of sales, respectively.''Global Retail Theft Barometer 2008'' Causes According to the 2008 National Retail Security Survey conducted at the University of Florida, a shrinkage rate of 1.51% translates to $36.3 billion in annual loss ($15.5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Error Margin
The margin of error is a statistic expressing the amount of random sampling error in the results of a survey. The larger the margin of error, the less confidence one should have that a poll result would reflect the result of a census of the entire population. The margin of error will be positive whenever a population is incompletely sampled and the outcome measure has positive variance, which is to say, the measure ''varies''. The term ''margin of error'' is often used in non-survey contexts to indicate observational error in reporting measured quantities. Concept Consider a simple ''yes/no'' poll P as a sample of n respondents drawn from a population N \text(n \ll N) reporting the percentage p of ''yes'' responses. We would like to know how close p is to the true result of a survey of the entire population N, without having to conduct one. If, hypothetically, we were to conduct poll P over subsequent samples of n respondents (newly drawn from N), we would expect those subs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established, they should influence all decisions made by other people involved in the project – for example, project managers, designers, contractors, and subcontractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision-m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cosmological Constant
In cosmology, the cosmological constant (usually denoted by the Greek capital letter lambda: ), alternatively called Einstein's cosmological constant, is the constant coefficient of a term that Albert Einstein temporarily added to his field equations of general relativity. He later removed it. Much later it was revived and reinterpreted as the energy density of space, or vacuum energy, that arises in quantum mechanics. It is closely associated with the concept of dark energy. Einstein originally introduced the constant in 1917 to counterbalance the effect of gravity and achieve a static universe, a notion that was the accepted view at the time. Einstein's cosmological constant was abandoned after Edwin Hubble's confirmation that the universe was expanding. From the 1930s until the late 1990s, most physicists agreed with Einstein's choice of setting the cosmological constant to zero. That changed with the discovery in 1998 that the expansion of the universe is accelerating, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albert Einstein
Albert Einstein ( ; ; 14 March 1879 – 18 April 1955) was a German-born theoretical physicist, widely acknowledged to be one of the greatest and most influential physicists of all time. Einstein is best known for developing the theory of relativity, but he also made important contributions to the development of the theory of quantum mechanics. Relativity and quantum mechanics are the two pillars of modern physics. His mass–energy equivalence formula , which arises from relativity theory, has been dubbed "the world's most famous equation". His work is also known for its influence on the philosophy of science. He received the 1921 Nobel Prize in Physics "for his services to theoretical physics, and especially for his discovery of the law of the photoelectric effect", a pivotal step in the development of quantum theory. His intellectual achievements and originality resulted in "Einstein" becoming synonymous with "genius". In 1905, a year sometimes described as his ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calculation
A calculation is a deliberate mathematical process that transforms one or more inputs into one or more outputs or ''results''. The term is used in a variety of senses, from the very definite arithmetical calculation of using an algorithm, to the vague heuristics of calculating a strategy in a competition, or calculating the chance of a successful relationship between two people. For example, multiplying 7 by 6 is a simple algorithmic calculation. Extracting the square root or the cube root of a number using mathematical models is a more complex algorithmic calculation. Statistical estimations of the likely election results from opinion polls also involve algorithmic calculations, but produces ranges of possibilities rather than exact answers. To ''calculate'' means to determine mathematically in the case of a number or amount, or in the case of an abstract problem to deduce the answer u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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