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 ...
Welcome to my new blog here on Forbes.com. Over the new few months I’m going to be talking about a couple of quite disparate but fascinating areas: book publishing and high-impact low-probability ...
Normal distribution curve that illustrates standard deviations. Each band has 1 standard deviation, and the labels indicate the approximate proportion of area . Source: M. W. Toews Creative Commons ...
Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...
We’ve seen a number of outlier events in 2016, but the experts predicted them poorly and are labeling them “black swans.” According to Nassim Taleb, black swan events are highly unexpected for a given ...
It's the coolest feeling when the most unlikely coincidences actually take place. Maybe it's luck or just divine timing, but when that one-in-a-billion event happens to you, it'll literally have you ...