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Conditional
Conditional
Conditional probability refers to the probability of event A, given information about the occurren
Formula:
p(A|B) = p(A and B)/ p(B) where p(A|B) Probability of A given B
p(A and B) Joint probability of A and B
p(B) Probability of B
Problem Statement:
A survey by a Social Media Examiner of B2B marketers and B2C marketers was based on 1331 B2
The following table summarizes the results:
Business Focus
Increase use
of LinkedIn B2B B2C Total
Yes 1038 915 1953
No 293 779 1072
Total 1331 1694 3025
i) Suppose you know marketer is a B2B marketer, what is the probability that he or she plans to i
ii) Suppose you know marketer is a B2C marketer, what is the probability that he or she plans to
What is needed?
i) p(A|B) i.e. probability of event A given B
ii) p(A|C) i.e. probability of event A given C
ii) p(A|C) 0.5401 54.01% Denominator: It is given that marketer is a B2C marketer. Hen
Numerator: Out of the 1694 B2C marketers, 915 are intereste
Answer i) 0.7799 77.99%
ii) 0.5401 54.01%
Learning
Conditional probability can be calculated using the formula or by using numbers from the conting
formation about the occurrence of another event B
y of A given B
ability of A and B
rketers was based on 1331 B2B marketers and 1694 B2C marketers.
rketer is a B2C marketer. Hence, sample space is number of B2C marketers i.e. 1694.
marketers, 915 are interested in increase use of LinkedIn