Asked by Briana Goins on Jun 03, 2024
Verified
{Financial Consultants Narrative} Express each of the following probabilities in words:
a.P(A|B)
b.P(B|A)
Financial Consultants
Professionals who provide expert advice on matters related to finance, including investments, tax planning, and retirement strategies.
Conditional Probability
The likelihood of one event happening when it is known that a second event has taken place already.
- Learn and employ the concept of probability in assorted circumstances.
- Compute the probabilities of dependent events.
- Recognize and implement the addition and multiplication principles of probability.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
a. The probability that the client selected is male,if the client has a balanced portfolio.
b. The probability that the client selected has a balanced portfolio,if the client is male.
b. The probability that the client selected has a balanced portfolio,if the client is male.
Learning Objectives
- Learn and employ the concept of probability in assorted circumstances.
- Compute the probabilities of dependent events.
- Recognize and implement the addition and multiplication principles of probability.
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