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Flashcards in Probability Deck (3)
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What are mutually exclusive events?

Two or more events that cannot happen at the same time. P(A u B) = P(A) + P(B)


What are independent events?

The outcome of one event does not affect the outcome of another. P(A n B) = P(A)*P(B)


What is conditional probability?

When the outcome of the first even affects the outcome of a second event