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Probability Theory, Part 2: Compound Probability
Probability Theory, Part 2: Compound Probability

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Chapter 3: The basic concepts of probability

... e.g. suppose the composite outcomes of the trio (M.P,C) of class values for cars, where M denotes the mileage class (M1, M2, or M3) P denotes the price class (P1, or P2) C denotes the operating cost class (C1, C2, or C3) The outcome is clearly written as a 3-stage value There are 3 outcomes in class ...
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... 52) In a blood testing procedure, blood samples from 5 people are combined into one mixture. The mixture will only test negative if all the individual samples are negative. If the probability that an individual sample tests positive is 0.09, what is the probability that the mixture will test positiv ...
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Final Exam Solutions

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Gaussian Probability Distribution

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... can we guarantee that the average will be exactly equal to the mean.) This is the precise statement of what is often described colloquially as ‘the law of averages’. In probability theory, it is called the Law of Large Numbers. ...
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Event

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