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Conditional probability is a measure of the likelihood of an event occurring given that another event has already occurred. It quantifies the probability of one event (the "conditional event") happening under the condition that another event (the "conditioning event") has already occurred. Conditional probability is calculated using the formula: P(A|B) = P(A ∩ B) / P(B), where P(A|B) represents the probability of event A occurring given that event B has occurred, P(A ∩ B) represents the probability of both events A and B occurring simultaneously, and P(B) represents the probability of event B occurring.
Probability isn’t always straightforward. Conditional Probability helps you navigate the complexities. 🎲🔗 #ConditionalProbability #Probability
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Conditional probability is a measure of the likelihood of an event occurring given that another event has already occurred. It quantifies the probability of one event (the "conditional event") happening under the condition that another event (the "conditioning event") has already occurred. Conditional probability is calculated using the formula: P(A|B) = P(A ∩ B) / P(B), where P(A|B) represents the probability of event A occurring given that event B has occurred, P(A ∩ B) represents the probability of both events A and B occurring simultaneously, and P(B) represents the probability of event B occurring.
Probability isn’t always straightforward. Conditional Probability helps you navigate the complexities. 🎲🔗 #ConditionalProbability #Probability
For more mental models, please visit www.mentalmodelsdaily.com
Get the full list at https://tinyurl.com/mentalmodelsdaily
Follow us:
X: @mindmodelsdaily https://x.com/mindmodelsdaily
Instagram: @mentalmodelsdaily https://www.instagram.com/mentalmodelsdaily/
Youtube: https://www.youtube.com/@MentalModelsDaily/podcasts
Spotify: https://open.spotify.com/show/1f0qi12saeBEJmtnjOSszg
Amazon Music: https://music.amazon.co.uk/podcasts/6da552cf-1714-45ce-b302-7c6c69386fc3/mental-models-daily
Apple Podcasts: https://podcasts.apple.com/gb/podcast/mental-models-daily/id1754257683
Castbox: https://castbox.fm/channel/Mental-Models-Daily-id6203840?country=us
iHeartRadio: https://www.iheart.com/podcast/269-mental-models-daily-189536773/
Our Podcast music was provided by The Podcast Host and Alitu: The Podcast Maker app.
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