Examlex
Any item for which a separate measurement of cost is desired is known as:
P(A|B)
Represents the probability of event A occurring given that event B has occurred.
Independent Events
Two or more events where the outcome of one event does not affect the outcome of another.
P(A and B)
The probability of both event A and event B occurring in a joint probability distribution.
Independent Events
Events whose occurrence or outcome does not influence the occurrence or outcome of another event.
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