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 ...

Tree diagrams are a visual way of showing all possible outcomes of two or more events. Each branch is a possible outcome and is labelled with a probability. Two events are independent if the ...

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 ...

Welcome to the user manual for your newly set up Probability Tree Diagram. This comprehensive guide is intended to help you get started with your product and provide you with a thorough understanding ...