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

This paper shows how to do discrete probability analysis with the new BA 11 PLUS Professional financial calculator. Textbooks in Business Finance do an excellent job illustrating how to do basic time ...

A research group has created a new model to calculate the probability of the occurrence of localized clusters caused by novel coronavirus infections.