Are 90% probability strategies a Holy Grail? High Probability or High Risk/Reward? A 90% winning ratio can still lose money. A lot of options traders consider a 90% probability strategy a Holy Grail ...
Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...
An OIP bushing failure on the 400-kV, 100-MVAR reactor caused this reactor fire. A large percentage of the power transformers in commission contain large quantities of mineral oil. While the ...
Chris Wiggins, an associate professor of applied mathematics at Columbia University, offers this explanation. A patient goes to see a doctor. The doctor performs a test with 99 percent ...
Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...
The times they are a changin’ … and so are the stats. The old process of judging baseball players and teams relied on simple counting stats (runs batted in, hits, wins) and basic rate stats (batting ...
Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...
Sales probability, or sales forecasting, is a process where a company attempts to predict its sales in the future. This helps the company better plan for hiring employees, making inventory purchases, ...
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