Given P(A) = 0

question 10

Multiple Choice

Given P(A) = 0.45, P(B) = 0.30, P(A and B) = 0.05. Find P(B|A) .

• A) 0.45
• B) 0.135
• C) 0.30
• D) 0.111
• E) 0.167

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Definitions:

Sherman Act

A foundational United States antitrust law enacted in 1890 to prohibit monopolies and practices that restrained trade and competition.

1890

A year significant in economic history, notably for the Sherman Antitrust Act's passage in the United States to combat anti-competitive practices.

Major Features

Principal characteristics or components that distinguish something from others.

Price Fixing

A practice where competitors agree on selling prices rather than letting competition in the market determine them, often illegal.