The probability in weather forecasts leaves many people perplexed on if, or when, they should continue with plans, cancel or delay. As summer ramps up across North America, millions of travelers, ...

Probability has a popular meaning that is not the same as the mathematical meaning. As a small-business owner, you may act on hunches, guesses and instincts. After such actions, you might even say you ...

An international team of researchers has identified a quantum counterpart to Bayes’ rule. The likelihood you assign to an event is influenced by what you already believe about the surrounding ...

To calculate the probability of an event, the total number of possible outcomes is often required. For simple situations, making a list or completing a sample space diagram is enough but in more ...

The personalistic theory of probability prescribes that personal probability assessments to be used in decision-making situations should correspond with the assessor's judgments. A payoff function ...