How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple concept behind Bayes' rule, an approach to calculating probabilities, first ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

I was preparing for my early morning class back in January 2025 when I received a notice regarding an asteroid called 2024 YR4. It said the probability it could hit Earth was unusually high. As ...

A variation of a puzzle called the “pick-up sticks problem” asks the following question: If I have some number of sticks with random lengths between 0 and 1, what are the chances that no three of ...

Abstract: Modeling a complex system with a large number of variables at one time and collecting global data on a large scale is usually not practical. It is ideal to model the global system according ...

This article was originally published at The Conversation. The publication contributed the article to Space.com's Expert Voices: Op-Ed & Insights I was preparing for my early morning class back in ...

What are the chances your kid will need to know about statistics? Probably high. Many fields of study, including the sciences and business, require or at least suggest having a basic knowledge of ...

Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into that experience along with her time spent in academia ...

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

It’s not written by humans, it’s written by AI. It’s not useful, it’s slop. It’s not hard to find, it’s everywhere you look. As AI-generated text is becoming increasingly ubiquitous on the internet, ...