Awidget manufacturer produces items for sale. the fixed expenses are $29,000. the labor and materials required for each widget cost $14.00.

Match the vocabulary to the proper definition. in probability, two events in which 1. conditional probability the outcome of one event is independent of the outcome of a second event. 2. dependent events in probability, two events in which the outcome of one event is dependent on the outcome of a second event. the probability of an event in which the outcome of the event is conditional on the outcome of one or more different events. 3. independent events