Compound Probability


Definition of "Compound probability"

Jane Bartlett real estate agent
Jane Bartlett, Real Estate Agent RE/MAX Complete

Theory that the probability that two independent events will occur is equal to the probability that one independent event will occur times the probability that a second independent event will occur. For example, on a single toss of two dimes (each dime having a head and a tail), the probability that both will land on their tails is equal to 1/4 (1/2x1/2)

 

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