Jane StreetTraderQuantitative TraderQuestion #103
The probability of raining on Saturday is 30%, and the probability of raining on Sunday is 40%. (a) What is the probability it will rain on the weekend? (b) What assumption is made in this calculation? (c) If the events are not independent, what are the maximum and minimum possible probabilities that it will rain during the weekend? (Answer: 40%, 70%)
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