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Business Statistics, 3rd Edition
book

Business Statistics, 3rd Edition

by Naval Bajpai
April 2024
Intermediate to advanced content levelIntermediate to advanced
921 pages
37h 16m
English
Pearson India
Content preview from Business Statistics, 3rd Edition
Chapter 5
PB
Probability
193
5.7.7 Independent Events
Two events E
1
and E
2
are said to be independent if the following condition exists:
P(E
1
/E
2
) = P(E
1
) and P(E
2
/E
1
) = P(E
2
)
When two events E
1
and E
2
are independent, then conditional probability is solved as marginal
probability. Independence is a very important property, and with the help of Example 5.16, we
can understand its importance.
Example 5.16
Delta is a leading marketing research  rm in India. A client of Delta is interested in the proba-
ble relationship between telephone and television purchase of a particular region. The company
prepared a single question “Do you have a telephone and/or ...
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Publisher Resources

ISBN: 9789390168996