Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

When we talk about probability, we're really talking about how likely something is to happen. It's like asking, "What are the chances?" But sometimes we need to look at how different events relate to ...

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 ...

Joint fusion surgery involves fusing two or more bones to grow into one larger bone. Doctors may recommend it for people with severe joint pain or instability. Severe joint pain can occur due to ...

The host invites you to pick a door, any door. Let’s say you pick door one. The host throws open one of the doors you did not select, revealing a goat. Then the host gives you the option of switching ...

If you work in the sports industry but have not been invited to one of Jimmy Worrall’s events, it’s a message: you haven’t made it yet. One of life’s great networkers, Worrall is the founder of ...

Share on Twitter Share on Facebook Share on Reddit Share on LinkedIn Share via Email The threat dictates what system is best for defeat. Therefore, the JCU trains across the spectrum of available ...

In the world of probability theory and statistics, conditional distribution is an essential concept that helps understand the relationship between two or more events. Conditional distribution provides ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...