The word 'probability' in ordinary language has two different senses, here called "inductive" and "physical" probability. This paper examines the concept of inductive probability. Attempts to express ...

Tree diagrams are a way of showing combinations of two or more events. Each branch is labelled at the end with its outcome and the probability is written alongside the line. Two events are independent ...

Two events are independent if the probability of the first event happening has no impact on the probability of the second event happening. For example, the probability of rolling a 6 on a die will not ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One takeaway is that JPMorgan isn’t paying much for graphic design. Another is that it’s paying too much, ...

Probability distribution is of significance to predict tree distribution and estimate productivity in different ages as well as thinning out in forest stands to ensure optimized and stable stands.