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A Table of Joint Probabilities Is Shown Below Calculate P A2A _ { 2 }

question 53

Essay

A table of joint probabilities is shown below. A1A2A3B10.150.250.20B20.100.150.15\begin{array} { | c | c | c | c | } \hline & A _ { 1 } & A _ { 2 } & A _ { 3 } \\\hline B _ { 1 } & 0.15 & 0.25 & 0.20 \\\hline B _ { 2 } & 0.10 & 0.15 & 0.15 \\\hline\end{array} Calculate P( A2A _ { 2 } / B1B _ { 1 } ).


Definitions:

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Position

Refers to the amount of a specific security, commodity or currency that is owned or controlled by an individual or entity.

Correlation

A statistical measure indicating the extent to which two variables change together.

Indices

Benchmarks or measures that track the performance of a specific basket of stocks, bonds, or other investment vehicles.

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