Joint Probability
Joint probability is the probability that two or more specified events occur together. It is often written conceptually as: P(A and B)
Why it matters to you
Suppose: Event A = Federal Reserve cuts rates. Event B = inflation falls below a specified level. The probability that both A and B occur is a joint probability. This matters when comparing individual event markets with markets that require several conditions to be satisfied.
Terms that sit next to this one
Probability Intersection
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