For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

Applicable Analysis and Discrete Mathematics, Vol. 10, No. 2 (October 2016), pp. 408-446 (39 pages) An associative Boolean tree is a plane rooted tree whose internal nodes are labelled by AND or OR ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

The course is concerned with behavior of random walks on certain infinite graphs which are currently in vigorous development. This is a topic of dicrete probability are full of surprising and ...

To calculate the probability of an event, the total number of possible outcomes is often required. For simple situations, making a list or completing a sample space diagram is enough but in more ...

Two events are independent if the probability of the first event happening has no impact on the probability of the second event happening. If the probability of one event happening affects the ...