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 ...

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 ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

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 ...

Chris Wiggins, an associate professor of applied mathematics at Columbia University, offers this explanation. A patient goes to see a doctor. The doctor performs a test with 99 percent ...

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 ...

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 ...