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The union of two events in probability is the event that either one or both of the events occur. It is denoted as $A \cup B$.
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Intersection of Two Events: The intersection of two events A and B, denoted as $A \cap B$, is the event that both A and B occur.
Mutually Exclusive Events: Events that cannot happen at the same time. For such events, $P(A \cap B) = 0$.
$\sigma$-algebra: A collection of sets closed under complementation and countable unions, used in advanced probability theory.