Probability has a popular meaning that is not the same as the mathematical meaning. As a small-business owner, you may act on hunches, guesses and instincts. After such actions, you might even say you ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. I recently led a webinar on the laws of thermodynamics, which got me thinking: A business is ...

Entrepreneurs and venture capitalists know there is no return without risk. But they can enhance their odds of success by tapping into the emerging field of probability management to better visualize ...

Studies axioms, counting formulas, conditional probability, independence, random variables, continuous and discrete distribution, expectation, joint distributions, moment generating functions, law of ...