If two events are independent, then their joint probability is computed with the special rule of multiplication.
What is probability ?
- Probability refers to chance of an event being occurred.
- A branch of mathematics that deals with the possibility of random events.
- Values are represented from 0 to 1.
- Probability was introduced into mathematics to predict the likelihood of an event occurring.
- Probability is one of the a branches of mathematics that quantifies the likelihood of an event occurring.
- The probability of an event refers to a number between 0 and 1, with approximately 0 indicating the improbability of the event and 1 indicating certainty.
- Probability is generally being calculated by dividing the number of ways an event can occur by the total number of outcomes.
- Probability and odds are different concepts.
- Odds are the probability that something will happen divided by the probability that it won't.
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