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.

Quick—if you had to guess, what would you think is most likely to end all life on Earth: a meteor strike, climate change or a solar flare? (Choose carefully.) A new statistical method could help ...

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