What is Probability?
In Mathematics, Probability theory is the study of chances. In real life, we predict chances depending on the situation. But Probability theory is bringing a mathematical foundation for the concept of Probability. For example, if a box contain 10 balls which include 7 black balls and 3 red balls and randomly chosen one ball. Then the Probability of getting red ball is 3/10 and Probability of getting black ball is 7/10. When coming to statistics, Probability is like the back bone of statistics. It has a wide application in decision making, data science, business trend studies, etc.
How to Calculate Probability of All Independent Events Occurring?
Probability of All Independent Events Occurring calculator uses Probability of Occurrence of All Three Events = Probability of Event A*Probability of Event B*Probability of Event C to calculate the Probability of Occurrence of All Three Events, The Probability of All Independent Events Occurring formula is defined as the likelihood that three events A, B and C happen together where A, B and C are independent events, i.e. the outcome of one event does not affect the outcome of another. Probability of Occurrence of All Three Events is denoted by P_{(A∩B∩C)} symbol.
How to calculate Probability of All Independent Events Occurring using this online calculator? To use this online calculator for Probability of All Independent Events Occurring, enter Probability of Event A (P_{(A)}), Probability of Event B (P_{(B)}) & Probability of Event C (P_{(C)}) and hit the calculate button. Here is how the Probability of All Independent Events Occurring calculation can be explained with given input values -> 0.08 = 0.5*0.2*0.8.