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 ...

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 ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Want to help your seventh-grader master math? Here are some of the skills your child will be learning in the classroom in seventh grade. At a “25% Off” sale, Marissa buys a skirt for $40.50. What was ...

What Is A Probability Density Function? A probability density function, also known as a bell curve, is a fundamental statistics concept, that describes the likelihood of a continuous random variable ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

There are 36 cards labeled with the numbers 1 through 36 and then placed face down on a table. If four cards are revealed one after the other, what is the probability that each card’s number is larger ...