Conditional probability emerges when the outcome a trial may influence the results of the upcoming trials. While calculating the probability of the second event (event ) given that the primary event ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

Introduction In the previous lessons and labs, you learned about some fundamentals of probability theory, along with basic combinatorics such as permutations and combinations. You'll now extend your ...

We elaborate on an alternative representation of conditional probability to the usual tree diagram. We term the representation “turtleback diagram” for its resemblance to the pattern on turtle shells.

Predicting the deposit landslide’s failure probability is a critical parameter in the geotechnical process. The cohesion and the internal friction are usually selected as random parameters for the ...