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Conditional Probability Is the Probability That an Event Will Occur

question 56

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Conditional probability is the probability that an event will occur, with no other events taken into consideration.


Definitions:

Individual Mandate

A requirement that individuals must obtain health insurance or face penalties, aimed at broadening the pool of insured and lowering health insurance costs.

Health Care Insurance

A system that covers or reimburses medical expenses for individuals, spreading the financial risk of health costs across a large group of people.

Federal Government

The United States' national government consists of three distinct branches: the legislative, the executive, and the judicial.

Executive Orders

Directives issued by the President of the United States that manage operations of the federal government and have the force of law.

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