Sunday, February 5, 2012

Probability

Probability is measured from 0 to 1; 0 means no event and 1 means certain event.
Probability of an event: P(event A) = # of favorable outcomes/total # of outcomes
Either of two events: P(A or B) = P(A)+P(B)-P(A and B)
Either of two mutually exclusive events: P(A or B) = P(A)+P(B)

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