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Probability Rules

Mutually Exclusive and Independent Events

Learning Objectives

Understand what it means for events to be mutually exclusive or independent.

Mutually Exclusive Events

  • Two events that cannot occur at the same time are considered to be mutually exclusive
  • The probability of both events occurring at once will equal zero

Independent Events

  • Spotting independent events is a little bit more involved
  • Remember, P(A|B) = the probability of A occurring given that B has already occurred.
  • What happens if B has no effect on A? Then P(A|B) = P(A)
  • That also means that P(A and B) = P(A|B)×P(B) =P(A)×P(B)

License

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An Introduction to Business Statistics for Analytics (1st Edition) Copyright © 2024 by Amy Goldlist; Charles Chan; Leslie Major; Michael Johnson is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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