Expected Value & Fair Price
Expected Value is the sum of the products of the probabilities with their values.This time the formula may be easier to read, but we will keep it simple. We could...
Category: Mathematics
All math related content will be sorted by Math Fields, subfields etc.
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Odds Against & Odds In Favor
Odds Against is the ratio of the probability of failure to the probability of success, and is written with a colon for the answer.Odds Against = P(Failure)/P(Success), so re-examining the...
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Combinations
Combinations are permutations when the order doesn’t matter.That is when you just need to choose a certain number of items from a list. For example, when choosing a combination from...
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Permutations
Permutations examine the number of ways a group of objects can be ordered, if you have n items, you will have n! ways in which they can be ordered.If you...
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Probability Basics
Base DefinitionsExperiment is a controlled operation that yields a set of resultsOutcome is each individual resultEvent is a collection of the resultsEqually likely outcomes is when each outcome has the...
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Counting Principle
The Counting Principle tells us the number of ways 2, or more, experiments can be performed in orderIf there are only two situations, with the first one having M results...
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Thankful For Tech Tools to Make Accessibility Relatively Easy!
Some great Tech Tools (free) to help you make great accessible videos and materials for students. Captions on videos tend to be the toughest thing needed to make materials accessible,...
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Using Bases other than Base 10
We could pick any value to be the base of our number system, in fact many cultures have used other bases over time. For example, the Babylonian used base 60...
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Number Systems & Place Value
In the United States, and many places in the World, a decimal place value system with Hindu-Arabic numerals is used. However, this is not the only form of writing numbers...
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Some Statistical Definitions
When determining what is to be studied, it is important to know what the population to be studied is. Is it going to be all cats, all long haired cats,...