4. PROBABILITY

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A way to figure out how chances interact

Mutually Exclusive - Probable events can only happen as one or the other.

Not Mutually Exclusive - Probable events can occur simultaneously

Independent Probabilities - Events will happen separately

Dependant Probabilities - The outcome of one event effects the outcome of another event

Permutations - for exact definitions of not only possibilities, but also order.

Combinations - similar to before except order does not mater.

empirical probability - experimentally determine the probability with,