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What is the formula for P(A∩B) given that A and B are independent
P(A∩B) = P(A)⋅P(B)
What is the probability of P(A∩B) foe mutually exclusive events?
P(A∩B) = 0
Mutually exclusive events cannot occur at the same time
What is the formula for P(A∪B) ?
P(A∪B)=P(A)+P(B)−P(A∩B)
When do you have to rearrange your calculation when finding a critical value?
WhenP(X≥C)
(“C” is the critical value)