May 13, 2022 · This tutorial provides several examples of how conditional probability is used in real life situations.

The conditional probability is the probability of happening of an event of A given that another event B has already occurred. Understand conditional probability and also the probability of …

Nov 18, 2025 · Conditional probability defines the probability of an event occurring based on a given condition or prior knowledge of another event. It is the likelihood of an event occurring, …

Example: Tossing a coin. Each toss of a coin is a perfect isolated thing. What it did in the past will not affect the current toss. The chance is simply 1-in-2, or 50%, just like ANY toss of the coin. …

Conditional probability could describe an event like: Event A is that it is raining outside, and it has a 0.3 (30%) chance of raining today. Event B is that you will need to go outside, and that has a …

Conditional probabilities allow you to evaluate how prior information affects probabilities. For example, what is the probability of A given B has occurred? When you incorporate existing …

Nov 17, 2025 · For dependent events, the conditional probability is affected by another event. For independent events, the conditional probability remains the same regardless of other events.

May 21, 2025 · Investors use conditional probability to make financial forecasts, based on the known probability of related events. For example, some stocks perform well during a …

Examples on using the definition of conditional probabilities to solve problems are presented along with detailed solutions. More questions and their solutions are also included.

Free conditional probability math topic guide, including step-by-step examples, free practice questions, teaching tips and more!