Jane StreetTraderTradingQuestion #447
You are going camping over the weekend. There is a 50% chance of rain on Saturday and a 60% chance on Sunday. What is the probability that you will not experience rain? (You are not told whether the days are independent, so consider this in your answer.) Then, after giving your answer, assume the probabilities are not independent and are positively correlated. Will the chance of having a 'dry' weekend increase or decrease?
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