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satela [25.4K]
3 years ago
13

“the probability of event b, given that event a has occurred” is known as a __________ probability.

Business
1 answer:
bagirrra123 [75]3 years ago
6 0
The probability of event B given that event A has already occurred is known as a CONDITIONAL PROBABILITY. 
Conditional probability is written mathematically as: P[B/A], where P stands for probability. 
Event A and B can be dependent or independent and this will have effect on the general formula of conditional probability, that is, the formula will change in form depending on the relationship between the two events.
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$80,160.

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In this case,  Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

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