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.
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 ...
The difference in discrete and continuous probability distribution is examined.