Understanding probability is essential in various fields, such as mathematics, statistics, and even everyday life. Theoretical probability is a type of probability that allows us to predict the ...

Rolling dice is a classic way to determine outcomes in games, but it’s also a fascinating area of study within probability theory. In this article, we’ll dive into five ways you can calculate multiple ...

The theoretical probability of getting a head when you flip a fair coin is \(\frac{1}{2}\), but if a coin was actually flipped 100 times you may not get exactly 50 heads, although it should be close ...

The theoretical probability of getting a head when you flip a coin is \(\frac{1}{2}\), but if a coin was actually flipped 100 times you may not get exactly 50 heads, although it should be close to ...

Typically, traders will use the middle price between an options bid and ask to think about a fair value. Problems occur using this mid price method: when markets are wide, when a bid and ask are ...