What is the name of the rule that states the probability of the sum of all possible outcomes of an experiment is 1?
- Bayes' Theorem
- Law of Large Numbers
- Law of Total Probability
- Rule of Complementary Events
The Law of Total Probability states that the sum of the probabilities of all possible outcomes of an experiment is 1. This rule is fundamental to probability theory and provides a way to calculate the probability of complex events by breaking them down into simpler, mutually exclusive events.
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