A) $857. B) $3,357

question 54

Multiple Choice

• A) $857.
• B) $3,357.
• C) $6,000.
• D) $5,429.
• E) None of the choices are correct.

---

Definitions:

Joint Probabilities

The likelihood of two or more events happening at the same time.

Marginal Probabilities

The probability distribution of the random variables individually, without regard to any possible correlations between them.

Conditional Probabilities

The likelihood that an event will happen, given the precondition of another event's occurrence.

Joint Probabilities

The likelihood of two occurrences taking place simultaneously.