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A joint probability is the probability that two events occur together.
Scenario: Consider the table below detailing Delta Apple Pi's bid breakdown from this year's rush season. Calculate the probability of a recruit receiving a bid who wore a hat.
Joint Probability = Cell Value / Grand Total
Received bid & Wore hat = 15
Total Recruits = 200
P(Received Bid) = 15 / 200
P(Received Bid) = 0.075
Answer: The probability of a recruit receiving a bid who wore a hat is 0.075.
All joint probabilities
Joint probabilities are represented by the cells in a contingency table.