Conditional Probability is the likelihood of an event to occur based on the result of the previous event. Learn more about the formulas, properties with the help of solved examples here at BYJU’S.
Since one event may depend upon another, we may get situations where event one has a certain probability of occurring and event two, which depends on event one occurring, has another probability of occurring. In such circumstances, we have a situation of combined probabilities For examp...
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Whether your answer is affirmative or negative, this is precisely the first use of the conditional: to express a probability or possibility. Now, imaginamos que querrías practicar español con nativo hablantes. (We imagine you would want to practice Spanish with native speakers.) This is ...
2.To express a supposition or the probability of a past situation that has already taken place Seguramentehabrían sufridomucho. (They must have/probably suffered a lot.) (Ella)habría estadomuy nerviosa cuando no pasó el examen! (She must have been very nervous when she didn’t pass the ...
For example, in decision 2, if the probability of successful marketing falls to 55%, then the expected NPV of ‘marketing’ falls to: [0.55 x 1,386] + [0.45 x (511)] = 762 – 230 = 532 This is now a lower value than the option of selling the design and the rights ...