Probability, Statistics
Independent and Dependent Events The events A and B are said to be independent if the occurrence or non-occurrence of event A does not affect the probability of occurrence of B. This means that irrespective whether event A has occurred or not, the probability of B is...
Probability, Statistics
Probability Definition ”If an experiment can result in n equally likely, mutually exclusive and exhaustive outcomes and m of which are favorable to the occurrences of an event A, the probability that the event A will occur is given by the ratio m/n. Symbolically, the...
Probability, Statistics
Introduction The idea of probability is familiar to everyone. In our daily life we make statements such as the following; “It is likely to rain today.” “I will probably go abroad this year.” “I am almost sure that I will win this game.” “The probability that nuclear...
