Math Problem Statement
A and B are events. Suppose P(A) = 0.3 and P(B│A) = 0.4. What is the joint probability of A and B occurring i.e., P(A AND B)? Please give the value to two decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Conditional Probability
Joint Probability
Formulas
P(A AND B) = P(B|A) * P(A)
Theorems
Multiplication Rule for Conditional Probability
Suitable Grade Level
Grades 9-11
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