Compound Probability

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What is compound probability?

Compound probability is the probability of two or more events happening together.

What is the formula for the probability of two dependent events A and B?

For dependent events, $P(A \text{ and } B) = P(A) \times P(B|A)$, where $P(B|A)$ is the conditional probability of B given A.

How can a Venn diagram help in calculating probabilities?

A Venn diagram visually represents events and their relationships, helping to identify overlaps and intersections.

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