It had to happen: the property bubble burst and the global financial market experienced its biggest crisis in the last hundred years. In retrospect, many suspected it was coming, but nobody could have ...

Key points Listing outcomes to find the probability of combined events Examples Questions Using sample space diagrams to find the probability of combined events Examples Question Taking a logical and ...

Quick—if you had to guess, what would you think is most likely to end all life on Earth: a meteor strike, climate change or a solar flare? (Choose carefully.) A new statistical method could help ...

Earthquakes are seemingly random events that are hard to predict with any reasonable accuracy. And yet geologists make very specific long term forecasts that can help to dramatically reduce the number ...

It’s important in trading to have a good understanding of probability, or at least not have misconceptions about probability. While the Forex market and other financial markets move based on supply ...

I was preparing for my early morning class back in January 2025 when I received a notice regarding an asteroid called 2024 YR4. It said the probability it could hit Earth was unusually high. As ...

Users can use the applet to apply Bayes' theorem to find the probability that a person is actually infected given that the person has tested positive for a disease. The link provides a detailed ...