CFA Practice Question

CFA Practice Question

The probability of the occurrence of an airplane crash and a successful resolution to a labor strike at the same time is called:
A. an unconditional probability.
B. a joint probability.
C. an unrelated probability.
Explanation: A joint probability takes the form of P(AB), the probability that an event A (an airplane crash) and an event B (the resolution of a strike) both happen.

User Contributed Comments 1

User Comment
saif0013 At the same time is the key word or else it would be unconditional probability/unrelated
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