Glossary of Statistical Terms: Definition Conditional probability
Conditional probability describes how likely it is that an event (B) occurs under the condition that another event (A) has already occurred. For example: How probable is it that it will rain in an hour (B) when the sun is currently shining (A)? The conditional probability in this case relates to the calculation of the current weather conditions. It comes to a different conclusion than the calculation of an unconditional probability which does not respect current weather conditions.
Please note that the definitions in our statistics encyclopedia are simplified explanations of terms. Our goal is to make the definitions accessible for a broad audience; thus it is possible that some definitions do not adhere entirely to scientific standards.
- Central limit theoremCentral limit theorem
- Cluster analysisCluster analysis
- Cluster sampleCluster sample
- Coefficient of correlationCoefficient of correlation
- Competitor analysisCompetitor analysis
- Conditional probabilityConditional probability
- Confidence levelConfidence level
- Conjoint analysisConjoint analysis
- Cross-sectional dataCross-sectional data