Two Events a and B Are Said to Be Independent

question 152

True/False

Two events A and B are said to be independent if P(A|B)= P(B|A).

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Definitions:

Ownership

The state or fact of having legal possession and control over property, whether it is tangible or intangible.

Net Unilateral Transfers

Financial transactions where money or goods are given without receiving anything in return, affecting a country's balance of payments, such as remittances or foreign aid.

Official Reserve

Assets held by a central bank in foreign currencies, gold, or other reserves, used to back liabilities and influence monetary policy.

Balance on Current Account

Refers to the difference in value between a country's exports and imports of goods, services, investment incomes, and transfers.