Tree diagrams, also known as probability trees or decision trees, are quite versatile and may be useful in many fields, including finance.

Learn about and revise how to write probabilities as fractions, decimals or percentages with this BBC Bitesize GCSE Maths Edexcel study guide.

Learn about and revise how to write probabilities as fractions, decimals or percentages with this BBC Bitesize GCSE Maths Eduqas study guide.

All students were familiar with 2 × 2 tables and tree diagrams containing probabilities and with 2 × 2 tables containing frequencies but not with natural frequency trees.

A tree diagram is helpful for working with event intersections and conditional probabilities. A tree consists of nodes and branches representing different stages in an experiment. Tree 1 shows an ...