Explain classical definition of probability. Also state addition theorem of probability.
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Classical probability is the statistical concept that measures the likelihood (probability) of something happening. In a classic sense, it means that every statistical experiment will contain elements that are equally likely to happen (equal chances of occurrence of something).
Addition theorem of probability
If A and B are any two events then theprobability of happening of at least one of the events is defined as P(AUB) = P(A) + P(B)- P(A∩B).
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