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,
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 and provide examples to illustrate your understanding of these two important concepts.
First, 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 a equation of 0 ≤ P (event) ≤ 1. Lastly, 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.
My information is correct to explain about the two basic laws of probability. Also, I have problems to create examples about two basic laws of probability.
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