Hi, I have a simple probability problem that I need help with. <BR><BR>I have two groups of marbles, blue and red, 4 each, for a total of 8. I am trying to figure out what the probability is of ...

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 ...

One approach to the waiting-time problem is through the integral equation, whose solution is the cumulative probability function-the method derived by Lindley. The equation is of the type for which a ...

In professional baseball’s World Series, the championship is decided in a best-of-seven format. The first team to win four games gets the pennant. Curiously, series that go on for the full seven games ...