Question: a) Why doesn't P(s) = P(e)P(o)? (b) What must be true if P(s) = P(e)P(o)? (c) Suppose P(s) = P(e)P(o). What are the implications of

a) Why doesn't P(s) = P(e)P(o)? (b) What must be true if P(s) = P(e)P(o)? (c) Suppose P(s) = P(e)P(o). What are the implications of this on risk?

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