Think about a baseball game. The batter has to decide whether and how to hit the incoming pitch. He needs to judge the position and speed of the ball, given his own visual uncertainty, and to estimate ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Right now, molecules in the air are moving around you in chaotic and unpredictable ways. To make sense of such systems, ...

Students of statistics and researchers in search of a stats review will appreciate the Probability-Distributions app designed by Dr. Matthew Bognar at the University of Iowa. The app includes ...

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 ...