QUESTION
What is the probability for mutually exclusive events?
What is the probability for independent events?
ANSWER
- For Mutually Exclusive Events (A and B, having Probability P(A) and P(B) respectively, probability that either event A or B shall occur will be P(A or B= P(A) + P(B)
- For Independent Events (A and B, having Probability P(A) and P(B) respectively, combined probability that both events shall occur will be P(A&B) = P(A).P(B)