Probability Formula:
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The joint probability of two independent events A and B is the probability that both events occur simultaneously. For independent events, this is simply the product of their individual probabilities.
The calculator uses the probability formula:
Where:
Explanation: This formula only applies when events A and B are statistically independent (the occurrence of one doesn't affect the probability of the other).
Details: Calculating joint probabilities is fundamental in statistics, risk assessment, and decision making across many fields including finance, engineering, and healthcare.
Tips: Enter probabilities for events A and B as values between 0 and 1. For example, 0.5 for 50% probability. The calculator will compute their joint probability.
Q1: What makes two events independent?
A: Two events are independent if the occurrence of one doesn't affect the probability of the other. Mathematically, P(A|B) = P(A).
Q2: What if the events are not independent?
A: For dependent events, you must use P(A and B) = P(A) × P(B|A), where P(B|A) is the probability of B given A.
Q3: Can I use percentages instead of decimals?
A: The calculator expects decimals (e.g., 0.5 for 50%). Convert percentages by dividing by 100 (50% → 0.5).
Q4: What does a joint probability of 0 mean?
A: A result of 0 means the two events cannot occur together (either one or both have zero probability).
Q5: How is this different from P(A or B)?
A: P(A or B) is the probability that either A or B occurs, calculated as P(A) + P(B) - P(A and B) for non-mutually exclusive events.