The Probability of Event a Occurring Given That Event B

question 131

Multiple Choice

The probability of event A occurring given that event B has already occurred is 0.61. The probability of both events occurring is 0.5. What is the probability of event B occurring?

• A) 0.305
• B) 0.195
• C) 0.390
• D) 0.820
• E) 0.500

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Definitions:

Tolerance

Tolerance is the willingness to accept and permit beliefs or behaviors that one might disagree with, without imposing one's own views.

Risk Taking

The act of undertaking actions that involve uncertainty or potential loss, with the expectation of achieving gain or growth.

Compensation

The total amount of the financial and non-financial pay offered to an employee by an employer in return for work performed as required.

Commission

A form of payment to a salesperson, broker, or agent, typically a percentage of the sales their efforts have generated.