Are 90% probability strategies a Holy Grail? High Probability or High Risk/Reward? A 90% winning ratio can still lose money. A lot of options traders consider a 90% probability strategy a Holy Grail ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

The basic principle of probability applies to a near infinite parade of situations. Basically, analysts use probability as a means of determining the likelihood of outcomes and occurrences given a ...

The times they are a changin’ … and so are the stats. The old process of judging baseball players and teams relied on simple counting stats (runs batted in, hits, wins) and basic rate stats (batting ...

An OIP bushing failure on the 400-kV, 100-MVAR reactor caused this reactor fire. A large percentage of the power transformers in commission contain large quantities of mineral oil. While the ...

Sales probability, or sales forecasting, is a process where a company attempts to predict its sales in the future. This helps the company better plan for hiring employees, making inventory purchases, ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

Male, grey hair, green top: If you had a dice, an ordinary dice and you threw it, well the probability of getting a one would be six to one. Male, yellow and grey t-shirt: Like with a coin, flip it ...