More Consequences
Another important property is:
This is called the addition law of probability, or the sum rule. That is, the probability that A or B will happen is the sum of the probabilities that A will happen and that B will happen, minus the probability that both A and B will happen. This can be extended to the inclusion-exclusion principle.
That is, the probability that any event will not happen is 1 minus the probability that it will.
Read more about this topic: Probability Axioms
Famous quotes containing the word consequences:
“If you are prepared to accept the consequences of your dreams ... then you must still regard America today with the same naive enthusiasm as the generations that discovered the New World.”
—Jean Baudrillard (b. 1929)
“Cultivate the habit of thinking ahead, and of anticipating the necessary and immediate consequences of all your actions.... Likewise in your pleasures, ask yourself what such and such an amusement leads to, as it is essential to have an objective in everything you do. Any pastime that contributes nothing to bodily strength or to mental alertness is a totally ridiculous, not to say, idiotic, pleasure.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)