Measurement shows that almost one-half of all market days are down days and slightly more are up days, but close enough to think of it as 50/50. Just as the probability of getting a long string of ...

Finding π using random numbers and probability. This short demonstrates a Monte Carlo approach, showing how randomness and statistics can converge to an accurate estimate of pi through repeated trials ...

The Centre for Probability, Statistics and Data Science covers three broadly overlapping main areas of research: probability, statistics and data science. Probability theory is a core topic within ...