a priori Probability: the probability that we determine from knowing the process by which the uncertain event happens (by logically examining existing information). Certain Event: event that is sure ...

The Basic Curve The basic probability curve looks like an anthill. Here, the X axis represents potential outcomes from worst to best, going left to right. The Y axis represents the probability of ...

In this puzzle, you need to make use of probability to reach the final solution. Will you be able to solve it? Maths may not be everyone’s cup of tea, however, if it is yours, we have just the brain ...

Here, we bring for you another tricky yet important concept to learn. ‘Probability’ is one important topic of Modern mathematics which has the potential to shoot up the scores of a CAT aspirant. Hence ...

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 ...

This course is available on the MSc in Financial Mathematics, MSc in Mathematics and Computation and MSc in Quantitative Methods for Risk Management. This course is available with permission as an ...

Probability is the theory that allows us to make an inference from a sample to a population. It provides the mathematical and theoretical basis for quantifying uncertainty. Probability is also used ...