Probability Trees: Theory The basic idea of a probability tree is to use the properties of probability to make a branching diagram of different outcomes.

A discrete distribution is a statistical probability distribution that represents the possible discrete values a variable can take.

Decision trees are a major tool in corporate finance. Discover how binomial trees play an integral role in the pricing of interest rates.

Question Zoë plays tennis with Helen every Saturday. The probability that Zoë wins is 0.6. Complete the probability tree and use it to find the probability that Zoë loses two Saturdays in a row ...

Beronika Daxner, Antoine Genitrini, Bernhard Gittenberger, Cécile Mailler, THE RELATION BETWEEN TREE SIZE COMPLEXITY AND PROBABILITY FOR BOOLEAN FUNCTIONS GENERATED BY UNIFORM RANDOM TREES, Applicable ...

Probability is used in everyday life. For example, in medicine in determining the chance of a drug working and by insurance companies in determining the cost of car insurance for different age groups.

The probability trees generally used in schools, by contrast, only help students with particularly advanced prior mathematical knowledge.