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 ...

Conditional probability studies the probability that something will happen, based on the occurrence of other, related events. ... The Problem of Lemons: Buyer vs. Seller .

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 ...