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Sample Space is the totality of all possible outcomes of an experiment.
Hence if the experiment was inspecting a light bulb, the only possible outcomes are that it is defective or not defective. Hence the sample space has two members, defective or not defective.
Events are said to be mutually exclusive if they cannot occur at the same time when an experiment is performed. Thus, if two events are mutually exclusive the acceptance of one precludes the acceptance of another.
Multiple Linear Regression Models There are situations whether there is more than one factor which influence the dependent variable Illustration Cost of production weekl
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The Addition Rule: Mutually Exclusive Events P(A or B or C) = P(A) + P(B) + P(C) This can be represented by the Venn diagram as follows:
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Explain the Dependent Events? Events are called dependent events when the outcome of one event influences the outcome of the second event. P(A and B) = P(A) P(B following A
Obligatory application/interpretation problem : Next, we need to do our obligatory application/interpretation problem so we don't forget about them. Example : Assume that the
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A farmer grows apples on her 600 acre farm and must cope with occasional infestations of worms. If she refrains from using pesticides, she can get a premium for "organically grown"
Testing The Difference Between Two Sample Means (Large Samples) A large sample is defined as one which have 30 or more items as n≥30 whereas n is the sample size In a busine
TWO PERSONS A AND B AGREE TO MEET AT A PLACE BTWEEN 11 TO 12 NOON. THE FIRST ONE TOARRIVE WAITS FOR 20 MIN AND THEN LEAVE. IF THE TIME OF THIR ARRIVAL BE INDEPENDET AND AT RNDOM,T
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