Explain the two basic laws of probability to provide examples to illustrate your understanding of these two important concepts. The probability, P, of any event or state of nature occurring is greater than or equal to 0 and less than or equal to 1. That is, 0≤P (event)≤1 A probability of 0 indicates that an event is never expected to occur. A probability of 1 means that an event is always expected to occur. The sum of the simple probabilities for all possible outcomes of an activity must equal 1.
Explain the two basic laws of probability to provide examples to illustrate your understanding of these two important concepts. The probability, P, of any event or state of nature occurring is greater than or equal to 0 and less than or equal to 1. That is, 0≤P (event)≤1 A probability of 0 indicates that an event is never expected to occur. A probability of 1 means that an event is always expected to occur. The sum of the simple probabilities for all possible outcomes of an activity must equal 1.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.9: Independent And Dependent Events
Problem 26E
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Question
Explain the two basic laws of
-
The probability, P, of any
event or state of nature occurring is greater than or equal to 0 and less than or equal to 1. That is,0≤P (event)≤1A probability of 0 indicates that an event is never expected to occur. A probability of 1 means that an event is always expected to occur.
-
The sum of the simple probabilities for all possible outcomes of an activity must equal 1.
Expert Solution
Step 1
following are the two basic lows of probability,
1) The Probability of any event is lies between 0 to 1 ( both are inclusive ) .
2) Sum of probabilities of all possible outcome is always 1.
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