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  • https://stats.libretexts.org/Courses/Saint_Mary's_College_Notre_Dame/BFE_1201_Statistical_Methods_for_Finance_(Kuter)/03%3A_Probability_Topics/3.07%3A_Independent_Events
    Consider the context of Exercise 2.2.1, where we randomly draw a card from a standard deck of 52 and \(C\) denotes the event of drawing a club, \(K\) the event of drawing a King, and \(B\) the event o...Consider the context of Exercise 2.2.1, where we randomly draw a card from a standard deck of 52 and \(C\) denotes the event of drawing a club, \(K\) the event of drawing a King, and \(B\) the event of drawing a black card. Alternately, knowing that the card drawn is black increases the probability that the card is a club, since the proportion of clubs in the entire deck is \(1/4\), but the proportion of clubs in the collection of black cards is \(1/2\).

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