Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When the probability of event Bis affected by the oggumrence event A the events are not independent.Let PB A) denote the probability of Bgiven the

image text in transcribed
When the probability of event Bis affected by the oggumrence event A the events are not independent.Let PB A) denote the probability of Bgiven the condition that Ahas occurred This is called a conditional probaality. Type by hodding down Shift and typ For independent events Aand B P(B A) =P(B), and P(A] BEPA For dependent events Aand B . PB A EP(B). The occurrence of Ahas changed the probability of B. 0 PA B #PA. The occurrence of Bhas changed the jordbabaility of A For dependent events, P(AandB) =P(A) XP(B| A) =P(B) X PA B). This is the Genera Multiplication Pue Assume the following joint and marginal probabilities In Favor Democrat Republican row total Yes 0.15 0.20 0.35 No 0.25 0.40 0.65 column total 0.40 0.60 1.0 When we know the condition that same event has occurred, the tade reduces to a rowar, column matching the condition For example, when weknowthat the party is Barrocrat, the table reduces to the Democrat column In Favor Democrat Yes 0.15 No 0.25 column total 0.40 P( Yes.| Derrocrat) is the probability of evert Yes, given the. condition that the event Democrat has occurred in condition Democrat, Yes occurs at a rate of 0.15 in 0.40. So P(Yes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transport Operations

Authors: Allen Stuart

2nd Edition

978-0470115398, 0470115394

More Books

Students also viewed these General Management questions

Question

LO1.2 Describe the role of economic theory in economics.

Answered: 1 week ago