How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple concept behind Bayes' rule, an approach to calculating probabilities, first ...
The Mathematical Gazette is the original journal of the Mathematical Association and it is now over a century old. Its readership is a mixture of school teachers, college and university lecturers, ...
As speculation mounts about when the Federal Reserve will alter its target for the federal funds rate, its primary tool for steering the economy these days, trading in financial futures markets offer ...
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