Why is basic counting rule referred as product rule and sum rule?
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The sum rule is for finding the probability of either of two events that cannot occur simultaneously. The product rule is for finding the probability of both of two events that are independent.
The product rule states that the probability of two or more independent events taking place is equal to the product of their individual probabilities. ... On the other hand, the sum rule states that the probability of two or more mutually exclusive events occurring is equal to the sum of their individual probabilities.
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