Question: For example, suppose that the individual probability of a fire loss at each building is 3 percent. The probability that the second building will have

For example, suppose that the individual probability of a fire loss at each building is 3 percent. The probability that the second building will have a fire given that the first building has a fire, however, may be 40 percent. The probability of two fires is 3%40%=1.2%. True False

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