Probability of Independent Events:
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The probability of independent events occurring together is the product of their individual probabilities. Independent events are those where the occurrence of one does not affect the probability of the other.
The calculator uses the formula:
Where:
Explanation: For independent events, the joint probability is simply the product of the individual probabilities.
Details: Understanding joint probabilities is fundamental in statistics, risk assessment, and decision making across many fields including finance, engineering, and science.
Tips: Enter probabilities between 0 and 1 for each event. The calculator will compute their joint probability.
Q1: What makes events independent?
A: Events are independent if the occurrence of one doesn't affect the probability of the other. For example, coin flips are independent.
Q2: How is this different from dependent events?
A: For dependent events, you need to consider conditional probabilities: P(A and B) = P(A) × P(B|A).
Q3: Can I calculate for more than two events?
A: Yes, the principle extends to any number of independent events: P = P(A) × P(B) × P(C) × ...
Q4: What if my probabilities are in percentages?
A: Convert percentages to decimals (e.g., 25% = 0.25) before entering them into the calculator.
Q5: What does a result of 0.5 mean?
A: A result of 0.5 means there's a 50% chance that both events will occur together.