When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

Any uncertainty in the calculation of the object’s orbit causes variations in the predicted solution. Instead of one precise orbit, the calculation usually gives scientists a cloud of its possible ...

c) On sober reflection, what’s most likely to happen. The weighted average of these is your most probability forecast. Calculate it using the formula [a + b + (4 x c)].

Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.