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Define probability

Assignment:

Thread 1

Define probability. Explain in your own words the meaning and significance of Bernoulli's theorem (law of large numbers). Give some examples of an application of the law. How might you teach the concept to a class?

Thread 2

Describe the difference between the probability of two mutually exclusive events, two complementary events, and two events that are not mutually exclusive. Give examples of each.

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Business Law and Ethics: Define probability

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