Two events are independent if the probability of the first event happening has no impact on the probability of the second event happening. For example, the probability of rolling a 6 on a die will not ...

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 ...

“Stand firm in your refusal to remain conscious during algebra. In real life, I assure you, there is no such thing as algebra.”-- Fran Lebowitz If a math tree falls in a forest that I happen to be ...