- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 8. Probability Concepts
- Subject 4. Multiplication Rule for Independent Events

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**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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