PROBABILITY AND EXPECTED VALUE - Fulshear, Texas
Formal Definition of conditional probability - for any two events A and B, the conditional probability of event A given B may be calculated by (also known as the classical definition of probability) EXAMPLE. Event R = Red. Event B = Blue. 2. Suppose a fair die is rolled. Define events as follows: A: an even number is obtained = {2, 4, 6} ................
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