independent events explain following term?
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- In statistics. Moreover, statistics concepts can help investors monitor and probability theory, independent events are two events wherein the occurrence of one event does not affect the occurrence of another event or events. Mutually exclusive events are events that cannot occur simultaneously.
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Step-by-step explanation:
What are Independent Events?
In statistics and probability theory, independent events are two events wherein the occurrence of one event does not affect the occurrence of another event or events. The simplest example of such events is tossing two coins. The outcome of tossing the first coin cannot influence the outcome of tossing the second coin.
Independent events are frequently confused with mutually exclusive events. However, they are two distinct concepts. Mutually exclusive events are events that cannot occur simultaneously. The concept of independent events is not related to the simultaneous occurrence of the events, but it is only concerned with the influence of the occurrence of one event on another.
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