joint-probability

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...

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...

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