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NEW QUESTION: 1
The probability that SUV sales will decline by over 10% by June 1 if gasoline prices increase by 50% by May 1, is called:
A. a conditional probability.
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C. a lagged likelihood.
D. an unconditional probability.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A conditional probability takes the form of P(A|B), the probability that a an event (A) will happen, given the occurrence of another event, B It is conditional because it is conditioned on another event, B.


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