Independent Events:Independent events are events where the outcome of one event does not affect the probability of the occurrence of another event. The probability of one event happening is not influenced by whether or not another event has already occurred.
Conditional Probability: Conditional probability is the likelihood of an event occurring given that another event has already occurred. It is used to calculate the probability of dependent events.
Multiplication Principle: The multiplication principle states that the probability of two or more dependent events occurring together is the product of their individual probabilities.