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 ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

In order to use Venn diagrams when talking about events, we must first understand the term 'mutually exclusive'. Imagine there are two events: event A and event B. If they both cannot happen at the ...

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 ...

Glenn McGillivray works for the Institute for Catastrophic Loss Reduction, an independent, not for profit research institute with a focus on disaster risk reduction. The Institute is funded by the ...