SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics
Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What are the addition and multiplication theorems of probability? |  |
Ans. The addition theorem of probability states that for any two events A and B, the probability of either event A or event B occurring is equal to the sum of their individual probabilities, minus the probability of both events occurring simultaneously. Mathematically, it can be represented as P(A or B) = P(A) + P(B) - P(A and B).
The multiplication theorem of probability, on the other hand, states that the probability of two independent events A and B occurring together is equal to the product of their individual probabilities. Mathematically, it can be represented as P(A and B) = P(A) * P(B), assuming A and B are independent events.
| 2. How can the addition theorem of probability be applied in business mathematics? | |
Ans. The addition theorem of probability is frequently used in business mathematics to calculate the probability of mutually exclusive events. For example, when forecasting sales, a business may want to calculate the probability of meeting the sales target by considering different scenarios, such as the probability of reaching the target through online sales or through physical store sales. By using the addition theorem, the business can determine the overall probability of achieving the sales target.
| 3. How is the multiplication theorem of probability relevant in statistics? | |
Ans. The multiplication theorem of probability is particularly relevant in statistics when dealing with the concept of conditional probability. Conditional probability refers to the probability of an event happening, given that another event has already occurred. The multiplication theorem allows statisticians to calculate the probability of two dependent events occurring together by multiplying the conditional probability of one event by the probability of the other event.
| 4. Can the addition and multiplication theorems be applied to non-independent events? | |
Ans. Yes, the addition and multiplication theorems of probability can be applied to both independent and dependent events. However, when dealing with dependent events, the calculations become more complex. In such cases, conditional probability is used to account for the dependency between events. The addition theorem is still applicable, but the multiplication theorem requires incorporating conditional probabilities.
| 5. How can the addition and multiplication theorems of probability be used to analyze business risks? | |
Ans. The addition and multiplication theorems of probability can be used to analyze business risks by assessing the likelihood of various events occurring. Businesses can assign probabilities to different risks and calculate the overall probability of experiencing a particular outcome. By using these theorems, businesses can make informed decisions, such as determining the optimal level of insurance coverage or evaluating the risk-reward trade-offs of different business strategies.
About this Video
4.89/5
Rating
Jul 13, 2025
Last updated
Video Description: Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics for SSC CGL 2025 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics have been prepared according to the SSC CGL exam syllabus.
Information about Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics covers all important topics for SSC CGL 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics.
Introduction of Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics
Here you can find the meaning of Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics defined & explained in the simplest way possible.
Besides explaining types of Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics theory, EduRev gives you an ample number of questions to practice Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics tests,
examples and also practice SSC CGL tests.
Related Searches
Semester Notes
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Online Tests
,Previous Year Questions with Solutions
,Important questions
,practice quizzes
,Online Tests
,Sample Paper
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Theorems of Probability - Addition & Multiplication
,Exam
,Online Tests
,Free
,Previous Year
,Extra Questions
,Previous Year
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,MCQs
,mock tests for examination
,Summary
,video lectures
,shortcuts and tricks
,Previous Year
,Objective type Questions
,past year papers
,Viva Questions
,study material
,ppt
,Theorems of Probability - Addition & Multiplication
,Theorems of Probability - Addition & Multiplication
;
Study Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics on the App
Students of SSC CGL can study Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Theorems of Probability - Addition & Multiplication, Business Mathematics and Statistics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup