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 ...

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.

This is the alpha release of the Typescript Math Toolkit general tree library. Each tree node may have an arbitrary number of children and no presumptions are made regarding the number of children per ...

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 ...

Tree diagrams are a way of showing combinations of two or more events. Each branch is labelled at the end with its outcome and the probability is written alongside the line. Two events are independent ...

Abstract: Fault-tree analysis is commonly used for risk assessment of industrial systems. Several computer packages are available to carry out the analysis. Despite its common usage there are ...