- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 8. Probability Concepts
- Subject 2. Unconditional, Conditional, and Joint Probabilities
CFA Practice Question
Supposing that P(A) = 0.7 and P(AB) = 0.42, find the probability of B given A, P(B|A).
A. 0.294
B. 0.600
C. 0.829
Explanation: The correct answer is P(B|A) = P(AB)/P(A) = 0.42/0.7 = 0.60.
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