Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Let $(X, \mathscr{A}, P)$ be a probability space and $\mathscr{B}$ a sub-$\sigma$-algebra of $\mathscr{A}$. Some results on regular conditional probabilities given $\mathscr{B}$ are proved. Using ...
Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a match is ...
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