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.
$$P(T│Q)=P(T),\,and \,P(Q│T)=P(Q)$$ $$P(T∩Q)=P(T)×P(Q)$$Previous Next
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.
Digital Marketing Workshop
Unlock the Power of Digital Marketing: Join us for an immersive online experience designed to empower you with the skills and knowledge needed to excel in the dynamic world of digital marketing. In just three days, you will transform into a proficient digital marketer, equipped to craft and implement successful online strategies.
