We elaborate on an alternative representation of conditional probability to the usual tree diagram. We term the representation “turtleback diagram” for its resemblance to the pattern on turtle shells.
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 ...
Introduction In the previous lessons and labs, you learned about some fundamentals of probability theory, along with basic combinatorics such as permutations and combinations. You'll now extend your ...
This is a preview. Log in through your library . Abstract An influence diagram is a graphical representation of a decision problem that is at once a formal description of a decision problem that can ...
Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a match is ...
Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a match is ...