Multiplication Rule

The Multiplication Rule is a fundamental concept in probability theory, extensively used to determine the likelihood of multiple events occurring simultaneously. It states that the probability of the joint occurrence of two or more independent events is the product of their individual probabilities. Widely employed in various fields such as statistics, genetics, and finance, the Multiplication Rule provides a systematic approach to calculate probabilities in complex scenarios. Understanding this rule enables analysts and researchers to make informed decisions by quantifying the likelihood of combined outcomes, thus facilitating robust problem-solving and decision-making processes.

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