Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

If someone told you that they were “probably” going to have pasta for dinner, but you later found out that they ate pizza, would you feel surprised – or even lied to? More seriously, what does it mean ...

Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

Traditional probability-based structural reliability analysis method can only consider random uncertainties described by random distribution functions, which required sufficient experimental samples.

The Home Depot announced that it has completed the acquisition of GMS Inc. (“GMS”) through its specialty trade distribution subsidiary, SRS Distribution Inc. (“SRS”), for a total enterprise value ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

In the real world, probability is a tough thing to characterize. If I roll a die, what does it mean to say that it has a one-sixth chance of coming up 5? We say that the outcome is random because we ...

dxxx(x,) returns the density or the value on the y-axis of a probability distribution for a discrete value of x pxxx(q,) returns the cumulative density function (CDF) or the area under the curve to ...