Here are the essential concepts you must grasp in order to answer the question correctly.
Addition Rule of Probability
The Addition Rule of Probability is a fundamental principle that calculates the probability of the occurrence of at least one of several events. It states that to find the probability of A or B or C occurring, you must sum the individual probabilities of each event and subtract the probabilities of their intersections to avoid double counting. This rule is essential for understanding how probabilities combine in scenarios involving multiple events.
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Intersection of Events
The intersection of events refers to the scenario where two or more events occur simultaneously. In the context of the Addition Rule, P(A and B and C) represents the probability that all three events occur at the same time. This term is added at the end of the formula to ensure that the probability of all events happening together is included, preventing the underestimation of the total probability when events overlap.
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Overlapping Events
Overlapping events occur when two or more events share common outcomes, leading to potential double counting in probability calculations. In the Addition Rule, it is crucial to account for these overlaps by adding the intersection probabilities back into the total. This ensures that the final probability accurately reflects the likelihood of at least one of the events occurring without redundancy.
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