Just wondering if I am the only one that is really struggling with questions relating to the Total Probability rule? I’m solid with everything else in Quants and the Probability Concepts reading but for whatever reason, questions relating to this I just can’t grasp. Any recommendations or am I the only one that this is not clicking for?
Not sure if it helps, but for me it’s really useful to draw it out in a tree. Then it makes sense how to get to P(B) through conditional probabilities.