Usain Bolt Net Worth – The Richest Runner in the World Usain Bolt net worth is approximately US$90 million. The retired Olympic sprinter still earns fees and royalties for endorsements, sponsorships, and guest appearances. Usain Bolt is one of the world’s most recognizable athlete celebrities. A standout sprinter, Usain holds […]
What Is a Statement of Retained Earnings? A statement of retained earnings shows the accumulated portion of a business’s profits that are not distributed as dividends to shareholders. The retained earnings statement is a financial disclosure that shows how a company’s retained earnings have changed over time. Analysts use this […]
What Is a Section 83(b) Election? A Section 83(b) election is a request that the IRS recognizes income and levy income taxes on acquired company shares at the time they are granted rather than later when they are vested. The 83(b) election is a provision of the Internal Revenue Code […]
What Is Autocorrelation? Autocorrelation is a statistical representation of the degree of correlation between the same variables measured at successive time intervals. Correlation indicates the strength of a linear relationship between two variables. Whereas, autocorrelation measures the strength of a linear link between time series lagged values. It measures the […]
What Is the Empirical Rule? The Empirical Rule states that virtually all observed data for a normal distribution will fall within three standard deviations of the mean or average. The empirical rule is also known as the three-sigma rule or the 68-95-99.7 rule. It is a statistical axiom stating that […]
Series 63 – What Is A Series 63 License? The Series 63 license is the Uniform Securities Agent license, which enables agents to sell securities in most of the 50 states in the U.S. To receive a Series 63 license, the applicant must pass an exam and be familiar with […]