The joint probability of two or more variables being “extreme” is relevant in Flood and Coastal Risk Management (FCRM) in various contexts, including: Assessing the likelihood of extreme peak flow ...

Discrete probability distributions are the cornerstone of understanding probabilities associated with events that can only take on a finite or countably infinite number of values. These distributions ...

Abstract: Image cropping aims at locating a candidate (rectangle region) with the highest aesthetic quality in professional photography. One solution of the previous methods is to generate a large ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

“The ultimate determinate in war is the man on the scene with the gun. This man is the final power in war. He is in control. He determines who wins.” — J.C. Wylie, Military Strategy: A General Theory ...

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. Brock is a CFA and CPA with more ...

1 Hainan Power Transmission and Transformation Maintenance Branch of Hainan Power Grid Co., Ltd., Haikou, China 2 College of Electrical and Information Engineering, Changsha University of Science and ...

Probability is a measure of how likely an event is to occur within a specific range of possible outcomes. While it is often associated with gambling, probability theory plays a vital role in various ...