When Using the General Multiplication Rule,P (A and B)is Equal

question 10

Multiple Choice

When using the general multiplication rule,P (A and B) is equal to

• A)P(A|B)P(B).
• B)P(A)P(B).
• C)P(B)/P(A).
• D)P(A)/P(B).

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 1 indicates certainty.

Random Variable

A variable with an uncertain future value.

Uncertain

The state of having incomplete knowledge or information, leading to unpredictability in outcomes and decision-making.

Economics

The social science that studies the production, distribution, and consumption of goods and services.