Probability of Mutually Exclusive and Non-Mutually Exclusive Events
Mutually Exclusive Events
Definition: Mutually exclusive events are events that cannot occur at the same time. In other words, they have no outcomes in common.
Probability Formula: The probability of either event A or event B occurring is the sum of their individual probabilities.
Where:
is the probability of either A or B occurring
is the probability of event A occurring.
is the probability of event B occurring.
Non-Mutually Exclusive Events
Definition: Non-mutually exclusive events are events that can occur at the same time. They have some outcomes in common.
Probability Formula: The probability of either event A or event B occurring is the sum of their individual probabilities minus the probability of both A and B occurring.
Where:
is the probability of either A or B occurring
is the probability of event A occurring.
is the probability of event B occurring.
is the probability of both A and B occurring.