If event A has a probability of \( 0.5 \) and event B has a probability of \( 0.3 \), what is the probability that both events occur?
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Extra Insights
To find the probability that both event A and event B occur, you multiply their probabilities together. So, you would calculate \( P(A \cap B) = P(A) \times P(B) = 0.5 \times 0.3 = 0.15 \). Thus, the probability that both events occur is \( 0.15 \) or \( 15\% \). Did you know that the concept of probability dates back to the 16th century with mathematicians like Gerolamo Cardano? They began analyzing games of chance, leading to the foundations of modern probability theory. This intriguing blend of math and gaming has evolved into a critical field powering everything from finance to artificial intelligence! In real-world situations, you can apply this probability calculation in various scenarios, such as predicting the likelihood of simultaneous events like winning a game while also achieving a personal goal. Just keep in mind that this multiplication rule holds true only when events A and B are independent; if there’s any correlation, the calculation will differ!
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