Difference between revisions of "Basic relationships in probability"

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(Replaced content with "Basic relationships in probability Category:mbi")
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Basic relationships in probability
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* [[Mutually exclusive events|Mutually exclusive events]]
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* [[Non-mutually exclusive events|Non-mutually exclusive events]]
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* [[Independent events|Independent events]]
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* [[Dependent events|Dependent events]]
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If events A and B are ''mutually exclusive'' then:
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{{{
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P(A or B) = P(A) + P(B)
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}}}
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If events A and B are ''non mutually exclusive'' then:
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{{{
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P(A or B) = P(A) + P(B) - P(A and B)
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}}}
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If events A and B are ''independent'' then:
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{{{
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P(A and B) = P(A) X  P(B)
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}}}
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If events A and B are ''dependent'' then:
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{{{
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P(A and B) = P(A) X  P(B | A)
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}}}
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Where P(B | A) is the probability that B occurs given that A already happened.
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Part of [[M7-Quantitative Decision Methods-S2 - Probability and decision trees|M7-Quantitative Decision Methods-S2 - Probability and decision trees]]
 
[[Category:mbi]]
 
[[Category:mbi]]

Latest revision as of 19:53, 27 August 2020

If events A and B are mutually exclusive then: {{{ P(A or B) = P(A) + P(B) }}}

If events A and B are non mutually exclusive then: {{{ P(A or B) = P(A) + P(B) - P(A and B) }}}

If events A and B are independent then: {{{ P(A and B) = P(A) X P(B) }}}

If events A and B are dependent then:

A)


Where P(B | A) is the probability that B occurs given that A already happened.

Part of M7-Quantitative Decision Methods-S2 - Probability and decision trees