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.

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 ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

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

The conjunction and disjunction fallacies are famous for revealing the limits of human reasoning about probability. This can be measured by telling people a short story about a character and then ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...