Question
Download Solution PDFThe measure of probability of an event if another event has already occurred is known as
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
In probability theory, the probability measure of an event is made if another event has already occurred and is referred to as conditional probability.
For calculating conditional probability, the probability of the preceding event and the probability of a succeeding event is multiplied.
Conditional probability is given by
Where E1 and E2 are the events.
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