For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

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 ...

A new study shows how students can better understand and interpret conditional probabilities. A new LMU study shows how students can better understand and interpret conditional probabilities. How ...

The Next Gen Stats team is excited to debut a series of new advanced metrics for the 2020 NFL season. As the NGS toolbox of advanced metrics grows each season, our ability to analyze the game takes ...