At the time of the announcement in January, the asteroid’s impact probability was reported to exceed 1%. The impact probability describes how likely a hazardous asteroid is to hit Earth.

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

Circular Statistics and Probability Distributions Publication Trend The graph below shows the total number of publications each year in Circular Statistics and Probability Distributions.

Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

Calculation methods can significantly affect conclusions, so researchers have to tune their approaches to the data carefully. Two powerful tools in statistics are the average and the variance. You’re ...