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Addition Rule of Probability $$ P\left( A\cup B \right) =P\left( A \right) +P\left( B \right) -P\left( A\cap B \right) $$ The addition rule of probability states that the probability of event \(A\) or event \(B\) occurring is the probability of…

\(A\) and \(B\) are mutually exclusive events if \(A\) and \(B\) cannot both occur at the same time. Example: When flipping a coin, the coin cannot land on head and tails at the same time so we consider the events…

In order to understand the concept of probability, it is useful to think about an experiment with a known set of possible outcomes. This set of all possible outcomes is called the sample space \((S)\). Sample space \((S)\) –set of…