PROBABILITY AND EXPECTED VALUE - Fulshear, Texas
Rearranging the Conditional Probability Formula, we get: Multiplicative Rule of Probability: P(A ∩ B) = P(B) P(A | B) or P(A ∩ B) = P(A) P(B | A) Example: Suppose the probability that my roof will leak when it rains is 0.3. Tomorrow, the probability of rain is 0.2. What is the probability that it rains and my roof leaks tomorrow? ................
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