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 |