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Multiplicative Rule - Rules of Probability
It is used when there is a string of independent events for that individual probability is known and it is essential to know the overall probability.
Illustration
What is the probability of a 3 and a 6 with two throws of a die?
Solution
P(throwing a 3) and P(6)
= P(3) and P(6) = (1/6) * (1/6) = 1/36.
Harmonic mean It is a measure of central tendency which is utilized to determine the average increase rates for natural economies. This is defined like the reciprocal of the a
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