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Difference in discrete & continous probability distribution

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What are the two basic laws of probability? What are the differences between a discrete probability distribution and a continuous probability distribution? Provide at least one example of each type of probability distribution.

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Solution Summary

The difference in discrete and continuous probability distribution is examined.

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1. The multiplicative Law of Probability
The probability of occurrence of one event or another is equal to the sum of their separate probabilities, given a set of mutually exclusive events.

2. The additive Law of Probability
The probability of the joint occurrence of two or more independent events is the product ...

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