Any uncertainty in the calculation of the object’s orbit causes variations in the predicted solution. Instead of one precise orbit, the calculation usually gives scientists a cloud of its possible ...

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.

Learn about probability, the probability scale and how to express probabilities with this BBC Bitesize Maths article. For students between the ages of 11 and 14.

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

If you’ve ever shuffled a deck of playing cards, you’ve most likely created a unique deck. Although this claim sounds ...

Forecasters use a specific formula to calculate rain chances: Probability of Precipitation (PoP)= Confidence (C) x Area with ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

Probability theorem gets quantum makeoverWhat would Thomas Bayes think? In 1763, he proposed a new approach to calculate ...