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Table 23-6
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013 .
Prices and Quantities
-Refer to Table 23-6. In 2012, this country's GDP deflator was
Marginal Probability
The probability of an event occurring, taking into account all possible related events.
P(A And B)
The joint probability of two events occurring simultaneously, within a specified context.
Probability Notation
The standard symbols and formulations used to represent probabilities in mathematical expressions.
Conditional Probability
The chance of a specific event occurring, conditional on the occurrence of another event beforehand.
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