Monte Carlo Calculator: run monte carlo calculations online. Formula, assumptions, and interpretation guide.
Simple probability: P(A) = favourable outcomes / total outcomes
AND (independent): P(A ∩ B) = P(A) × P(B)
OR: P(A ∪ B) = P(A) + P(B) − P(A ∩ B)
Conditional: P(A|B) = P(A ∩ B) / P(B)
Combinations: nCr = n! / (r! × (n−r)!)
Permutations: nPr = n! / (n−r)!