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You have a function with two arguments (inputs). After that, the calculations depend on whether or not the two random variables are independent. If they are then the joint distribution is simple the product of the individual distribution. But if not, you have some serious mathematics ahead of you!
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Example of joint probability?
Joint probability is the probability that two or more specific outcomes will occur in an event. An example of joint probability would be rolling a 2 and a 5 using two different dice.
The mathematical calculation that an event will happen?
Theoretical Probability.
What does the word theoretical probability mean in math?
Theoretical implies the mathematical calculation of the probability. Empirical means the actual outcomes to happen.
What type of event is found by multiplying the probability of the first event by the probability of the second event?
That's the probability that both events will happen, possibly even at the same time. I think it's called the 'joint' probability.
What is the joint probability of having a good economy and a neutral stock performance?
0.09
