Hi Tommy,
I find it hard to identify mutually exclusive events and independent events. In fact, the definitions of the 2 sound the same to me. I have tried several sources but I still get confused.
Could you please help with these 2 concepts with an example. Question 19 in Probability in the 5 lb book says the events are independent. But doesn't picking 1 chip without replacement increase the odds of picking the other? :(
Please help!!
Regards,
Safir