Addition and Multiplication Rules
Free SOA Exam P (Probability) lesson in General Probability. 12 min read, ~1,747 words.
Addition rule:, rearrange to solve for any unknown. Multiplication rule:; simplifies to product under independence. Chain rule:. Without replacement: update denominator at each step (20, 19, 18,..). Bonferroni bound:.
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1e
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