What Joint Probability Tells Us.

Joint probability is the likelihood of two events occurring together. It is calculated by multiplying the probability of the first event by the probability of the second event. Joint probability can be used to assess the risk of an investment. For example, if the joint probability of two events is 0.5, then the probability of … Read more

What is a consolidated balance sheet?

A consolidated balance sheet reflects the accounting and the economic situation (in financial statements) of a group of companies, as well as their relationships with third parties or that they have with the companies that make up that same group of companies. This consolidated balance represents the sum of the balances of the companies that … Read more