Tree diagrams, also known as probability trees or decision trees, are quite versatile and may be useful in many fields, including finance.

Tree diagrams are a visual way of showing all possible outcomes of two or more events. Each branch is a possible outcome and is labelled with a probability. Two events are independent if the ...

First, represent the information on a tree diagram: From the tree diagram, the probability of winning the second set = 27 50 + 10 50 = 37 50.