1. What are the differences between a priori probability, empirical probability, and subjective probability? Give 2 examples for every type of probability. (other than the one given in our module). 2. What is the difference between a simple event and a joint event? Illustrate and give example. 3. How can you use the general addition rule to find the probability of occurrence of event A or B? Explain through an example. 4. What is the difference between mutually exclusive events and collectively exhaustive events? Illustrate and explain by giving an example. 5. How does conditional probability relate to the concept of independence? 6. How does the multiplication rule differ for events that are and are not independent? 7. Explain the relevance of studying probability in Business, Economics, and Management?