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LAWS_OF_PROBABILITY

# LAWS_OF_PROBABILITY - a When the events A B ARE Independent...

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LAWS OF PROBABILITY Event Type : MUTUAL EXCLUSIVITY 1. Addition Law of Probability Relationship : UNION a. When the events A, B ARE Mutually Exclusive Special Addition Law b. When the events A, B ARE NOT Mutually Exclusive General Addition Law Event Type : INDEPENDENCE 2. Multiplication Law of Probability Relationship : INTERSECTION or JOINT OCCURRENCE
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Unformatted text preview: a. When the events A, B ARE Independent Special Multiplication Law b. When the events A, B ARE NOT Independent (Dependent) General Multiplication Law P(A or B)=P(A) + P(B) P(A or B)= P(A) + P(B) – P(A and B) P(A and B) = P(A) x P(B) P(A and B) = P(A/B) x P(B)= P(B/A) x P(A)...
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