Independent Events SOA Exam P – Probability – General Probability Module

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=QdsXeSePr5w

AnalystPrep Actuarial Exams Study Packages (video lessons, study notes, question bank, and quizzes) can be found at https://analystprep.com/shop/actuaria... • After completing this video you should be able to: • Define independence and calculate probabilities of independent events. • Examples given in the video: • 1. A survey of 2000 farmers in the southeast U.S. last year revealed the following information: • 351 were from the state of Alabama • 1205 grew beans • 234 were from Alabama and grew beans • A surveyed farmer from Alabama is selected. Determine the probability that this farmer grew beans. • 2. A survey of 200 fruit lovers provided the following results • 150 loved apples • 120 loved bananas • 90 loved both apples and bananas • Determine whether the apple lovers are dependent or independent of the banana lovers.

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