Probability underlies much of the modern world – an engineering professor explains how it actually works

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the ...

Monte Carlo Analysis for Investment Risk Assessment

Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...
American Institute of Physics

Does the distribution of galaxies in the universe follow a large-scale fractal pattern?

A multifractal spectrum called a weighted Cantor set model can describe how galaxies cluster, which is similar to other ...

The Forecast Says 20% Chance. Will It Rain Or Not?

One of the most common ways meteorologists convey the threat of rain is using Probability of Precipitation. Yet, it remains one of the most misunderstood tools in the weather communication tool box.
Investopedia

Understanding Distribution Channels in Business: How They Function

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Natalya Yashina is a CPA, DASM with over 12 years of experience in ...