View source for M7-Quantitative Decision Methods-S2 - Probability

The basic relationships of probability are:
{{{
P(A or B) = P(A) + P(B) // for mutually exclusive events
P(A or B) = P(A) + P(B) - P(A and B)  // for non-mutually exclusive events
P(A and B) = P(A)*P(B) for independent events
P(A and B) = P(A)*P(A or B) for dependent events
}}}

[[Binomial distribution|Binomial distribution]]
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[[Basic relationships in probability|Basic relationships in probability]]
{{:Basic relationships in probability}}
[[Probability tree|Probability tree]]
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[[Expected value|Expected value]]
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[[Decision Trees|Decision Trees]]
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[[Bayes Theorem|Bayes Theorem]]
{{:Bayes Theorem}}
[[Category:mbi]]