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Test: Common Core: High School - Statistics and Probability
1. | Bond A has a 10% chance of default. Bond B also has a 10% chance of default. The probability that Bond A and Bond B default is 6%. What is the probability that Bond A defaults given that Bond B defaults? Use this result to determine if the defaults of Bond A and Bond B are independent. |
60%, NOT independent
10%, NOT independent
60%, independent
1%, independent
10%, independent
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