Which of the following is the multiplication rule for the probability that two events occur simultaneously when the two events are not independent?
a. P(R and S) = P(R)P(S R) = P(S)P(R S)
b. P(R and S) = P(R) + P(S) - P(R and S)
c. P(R and S) = P(R)P(S)
d. P(R and S) = P(R)P(S R)
Question 2
Although we can determine the optimal bid and the expected profit from that bid in a bidding simulation, we usually cannot determine the probability of winning.
a. True
b. False
Indicate whether the statement is true or false
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