1) In your own words explain what Is Conditional Probability? (Please use your own thinking and words) 12pt Paragraph B IU\ p (i) : 5 points 2) Explain the formula for conditional probability. (Please use your own thinking and words) 5 points SAT scores are distributed nearly normally with mean 1580 and standard deviation 240. ACT scores are distributed nearly normally with mean 23 and standard deviation 6. A college admissions officer wants to determine which of the two applicants scored better on their standardized test with respect to the other test takers: Pam, who earned an 1820 on her SAT, or Jim, who scored a 24 on his ACT