It is a question on the minds of so many people who are planning for retirement: Will I run out of money? We can take into account all of the income a person expects in retirement as well as their ...

A common question that arises when considering the results from a well-designed sampling programme for a rare or invasive species is: 'Sampling has failed to detect a species that could have been ...

It’s important in trading to have a good understanding of probability, or at least not have misconceptions about probability. While the Forex market and other financial markets move based on supply ...

Probability is about estimating or calculating how likely or probable something is to happen. Probabilities can be described in words. For example, the chance of an event happening could be ‘certain’, ...

Probability is about estimating or calculating how likely or 'probable' something is to happen. The chance of an event happening can be described in words, for example ‘certain’, ‘impossible’ or ...

Parsimony methods are often used to map a character's evolution on a phylogenetic tree by reconstructing the ancestral states at interior nodes of the tree. Although the statistical behavior of ...