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 calculations determine the chance of a specific event occurring. This calculation factors in the number of positive events with respect to the total number of possible results. When you ...

For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

In Microsoft Office, a SmartArt graphic ranges from the graphical list and process diagrams to more complex graphics such as Venn diagrams and Organization charts. SmartArt is visually used to ...