Apnex, Inc., is a biotechnology firm that is about to announce the results of its clinical trials of a potential new cancer drug. If the trials are successful, Apnex stock will be worth $ 68 per share. If the trials are unsuccessful, Apnex stock will be worth $ 18 per share. Suppose that the morning before the announcement is scheduled, Apnex shares are trading for $ 56 per share.

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