What is the significance of the total probability rule?
- It is a rule for determining the probability of dependent events
- It is used to calculate conditional probabilities
- It is used to calculate the probability of mutually exclusive events
- It provides a way to break down probabilities of complex events into simpler ones
The Total Probability Rule provides a way to compute the probability of an event from the probabilities of that event occurring within disjoint subsets of the sample space. It essentially allows you to break down the probability of complex events into simpler or more basic component events.
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