- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Probability Concepts
- Subject 4. Multiplication Rule for Independent Events
CFA Practice Question
Two events, A and B, are independent if ______.
A. P(A and B) = P(A) P(B)
B. P(A and B) = P(A) + P(B)
C. P(A and B) = 1
Explanation: This is the definition of independence.
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