Investors use conditional probability to make financial forecasts, based on the known probability of related events. For example, some stocks perform well during a recession, and others tend to ...

Conditional probability occurs when it is given that something has happened. (Hint: look for the word “given” in the question. The probability that a tennis player wins the first set of a ...

For example, it takes a test result and relates it to the conditional probability of that test result given other related events. For high-probability false positives, the theorem gives a more ...

Credal networks represent a class of graphical models that extend Bayesian networks through the incorporation of imprecise probabilities in each conditional probability table, thereby providing a ...

For example, the conditional probability tables could be constructed from empirical evidence. The parameters need not be discrete (as in the toy example), ...