Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

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 ...

Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a match is ...

We elaborate on an alternative representation of conditional probability to the usual tree diagram. We term the representation “turtleback diagram” for its resemblance to the pattern on turtle shells.

Venn diagrams can be useful for organising information about frequencies and probabilities, which can then be used to solve conditional probability problems. 90 pupils were asked whether they owned a ...

Bank exams typically feature questions on simple probability, conditional probability, combinations and permutations, events (independent and dependent), Bayes’ theorem, and sometimes more complex ...

This paper begins with an overview of quantum mechanics, and then recounts a relatively recent algebraic extension of the Boolean algebra of probabilistic events to “conditional events” (order pairs ...