Question: 1. What is the difference between independent and dependent probabilities?What is the difference between an overlapping and non-overlapping event (also known as mutually inclusive and

1.What is the difference between independent and dependent probabilities?What is the difference between an overlapping and non-overlapping event (also known as mutually inclusive and exclusive events)?What key words are used in these types of problems to help you determine which type of probability to calculate?

2. Risk and reward (statistically explained

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