In this lesson, we'll look at the law of total probability. In probability theory, the law (or formula) of total probability is a fundamental rule relating marginal probabilities to conditional ...

Answer any query from a joint distribution. Construct joint distribution from conditional probability tables using chain rule. Construct joint distribution from Bayes net and conditional probability ...

The current definition of a conditional probability enables one to update probabilities only on the basis of stochastic information. This paper provides a definition for conditional probability with ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

We elaborate on an alternative representation of conditional probability to the usual tree diagram. We term the representation “turtleback diagram” for its resemblance to the pattern on turtle shells.