Difference between additive and multiplicative laws of probability.
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The first addictive rule states that when A and B are the two events that stand to be mutually exclusive, then the probability pertaining to the occurrence of A or B is equivalent to the addition of probability associated with each event.
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- The additive law of probability also called the sum rule states that the probability that A or B will occur is the sum of the probability of happening of A and B minus the probability that both A and B will happen
- According to the multiplicative law of probability the probability of occurrence of both events A and B is equivalent to the product of the probability of B occurring and the conditional probability that event A occurring given that event B occurs.
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