In this note we demonstrate that the results of observations in the EPR-Bohm-Bell experiment can be described within the classical probabilistic framework. However, the "quantum probabilities" have to be interpreted as conditional probabilities, where conditioning is with respect to fixed experimental settings. Our approach is based on the complete account of randomness involved in the experiment. The crucial point is that randomness of selections of experimental settings has to be taken into account within one consistent framework covering all events related to the experiment. This approach can be applied to any complex experiment in which statistical data are collected for various (in general incompatible) experimental settings.