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Union
A∪B denotes the combination of both sets A and B, representing outcomes that are in A, in B, or in both.
Intersection
A∩B signifies the outcomes common to both sets A and B, indicating where both overlap.
Complement
Ac denotes the outcomes not in set A.
Empty set
The notation ∅ represents a set that contains no elements.
Multiplication Principle
The total number of possible outcomes is the product of possible outcomes from each individual event.
Permutations
The arrangement of items in a specific order; calculated as nPk=n!/(n−k)!. Used when order matters.
Combinations
The selection of items without regard to order; calculated as nCk=n!/(k!(n−k)!). Used when order does not matter.
Probability Basics
Refers to the range of a probability P(E) from 0 to 1, where P(∅) equals 0 and P(X) equals 1.
Equally likely outcomes
The probability P(E) is calculated as the number of favorable outcomes divided by the total number of outcomes.
Complements
The probability of the complement event P(Ec) is calculated as 1 - P(E).
Two-Event Probability
The formula P(A∪B)=P(A)+P(B)−P(A∩B) calculates the probability of at least one of two events occurring.
Three-Event Inclusion–Exclusion
Describes the probability of three events A, B, and C, calculated using their individual probabilities and their intersections.
Venn Diagrams
Visual representations used to illustrate set relationships, where all regions should sum to 1.
Conditional Probability
P(E|A) represents the probability of event E occurring given that event A has occurred, adjusting the sample space accordingly.
Independence
Events A and B are independent if P(A∩B)=P(A)P(B) and P(A|B)=P(A).