After you read this, you’ll have a 32% chance at better understanding how bad you are at probability. If the risk of an event goes up or down, we assume that it will keep changing in that direction.

The basic principle of probability applies to a near infinite parade of situations. Basically, analysts use probability as a means of determining the likelihood of outcomes and occurrences given a ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

Most humans don’t have a natural facility with probability. It’s not intuitive, like the ability to walk or talk. Learning the mechanics of chance takes time, but is less essential than, say, reading, ...

An asteroid that could level a city now has a 3.1% chance of striking the Earth in 2032, according to NASA data released on ...

The probability that a tennis player wins the first set of a match is \(\frac{3}{5}\). If she wins the first set, the probability that she wins the second set is \(\frac{9}{10}\). If she loses the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...