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TeachMeFinance.com - explain conditional probability conditional probability The term 'conditional probability' as it applies to the area of basic math can be defined as 'the likelihood that an event will occur based on an event that has already occurred '. Previous 5 Terms: Condensation Condensation Funnel Condenser Condenser cooling water Conditional Payment Next 5 Terms: Conditional registration conditional statement Conditionally effective rates Conditionally Unstable Air Condominium About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.