Probability has a popular meaning that is not the same as the mathematical meaning. As a small-business owner, you may act on hunches, guesses and instincts. After such actions, you might even say you ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

Pew Research Center designed this study to assess the current state of online survey sampling methods – both probability-based and opt-in – and determine their accuracy on general population estimates ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. I recently led a webinar on the laws of thermodynamics, which got me thinking: A business is ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

(2) Typically, the overall probability of success is calculated by multiplying the probability of success for transitioning from Phase 1 to Phase 2, Phase 2 to Phase 3, and Phase 3 to Approval.

This article was originally published at The Conversation. The publication contributed the article to Space.com's Expert Voices: Op-Ed & Insights I was preparing for my early morning class back in ...