Independent Events
Events are independent if knowing whether one has occurred does not change the probability of the other.
Suppose you pick a card and toss a coin. The probability of getting a tail, P(T), in no way influences the probability of getting a queen, P(Q), from a pack of cards.
$$P(T│Q)=P(T),\,and \,P(Q│T)=P(Q)$$ $$P(T∩Q)=P(T)×P(Q)$$Use the Search Bar to find content on MarketingMind.
Marketing Analytics Workshop
In an analytics-driven business environment, this analytics-centred consumer marketing workshop is tailored to the needs of consumer analysts, marketing researchers, brand managers, category managers and seasoned marketing and retailing professionals.
What they SHOULD TEACH at Business Schools
Is marketing education fluffy too?
Experiential Learning via Simulators | Best Way to Train Marketers
Marketing simulators impart much needed combat experiences, equipping practitioners with the skills to succeed in the consumer market battleground. They combine theory with practice, linking the classroom with the consumer marketplace.
