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joint-probability

  1. Nicole Seaman

    CFA Level 1 CFA: Conditional, unconditional and joint probabilities

    In terms of this CFA playlist, we are still in the early quantitative methods or the foundations of quantitative methods. In the previous video, I reviewed some basic statistical concepts and now I follow that up with a review of some basic or foundational probability concepts. We want to hit...
  2. Nicole Seaman

    YouTube T2-4 What is statistical independence?

    Variables are independent if and only if (iff) their JOINT probability is equal to the product of their unconditional (aka, marginal) probabilities; i.e., if and only if Prob(X,Y) = Prob(X)*Prob(Y). Further, if variables are independent then their covariance (and correlation) is equal to zero...
  3. A

    YouTube T2-3a Summary of joint vs unconditional vs conditional probability

    Hi I was trying to understand the difference between Joint Probability and Conditional Probability I came across this post of yours. https://www.bionicturtle.com/forum/threads/p2-t6-307-hazard-rate-malz-section-7-2.6932/#post-42375 AND What I do not understand is the difference between...
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