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 ...

Probability is a fundamental concept in mathematics and statistics that deals with the likelihood of events occurring. It provides a framework for quantifying uncertainty and making predictions based ...

Abstract: This paper presents a conditional probability method to evaluate the reliability or availability of a system whose components failures can be s-independent or have a common-cause. Different ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

inactiveDenotes the issue/PR has not seen activity in the last 90 days.Denotes the issue/PR has not seen activity in the last 90 days. While I tried to install SHOGUN ...

Abstract: Many practicing engineers model their systems using reliability diagrams, while others use fault-tree analysis. The theoretical equivalence of the two techniques is described. System ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

We consider the problem of estimating the conditional probability of a label in time O(log n), where n is the number of possible labels. We analyze a natural reduction of this problem to a set of ...

Risk assessment is critical to ensure the safe operation of oil and gas pipeline systems. The core content of such risk assessment is to determine the failure probability of the pipelines ...