How do independent events differ from dependent events?

Prepare for the CIMA BA2 exam with our study guide. Explore multiple choice questions and benefit from expert tips to excel in your test. Get ready to succeed!

Multiple Choice

How do independent events differ from dependent events?

Explanation:
Two events are independent when the result of one does not change the probability of the other. For example, flipping a fair coin twice: the second flip has the same 50% chance of heads regardless of what happened on the first flip. When events are dependent, the outcome of the first event affects the probability of the second. A common example is drawing cards from a deck without replacement: after you draw one card, the composition of the remaining deck changes, so the chance of the next card having a given property changes as well. So, independent means one outcome has no influence on the other; dependent means the first outcome changes the likelihood of the second. The other descriptions don’t fit: independent events don’t have to happen together, they just don’t affect each other; order of events is about sequence, not dependence; and probabilities summing to 1 is a general rule for outcomes of a single experiment, not a feature that distinguishes independent from dependent events.

Two events are independent when the result of one does not change the probability of the other. For example, flipping a fair coin twice: the second flip has the same 50% chance of heads regardless of what happened on the first flip.

When events are dependent, the outcome of the first event affects the probability of the second. A common example is drawing cards from a deck without replacement: after you draw one card, the composition of the remaining deck changes, so the chance of the next card having a given property changes as well.

So, independent means one outcome has no influence on the other; dependent means the first outcome changes the likelihood of the second.

The other descriptions don’t fit: independent events don’t have to happen together, they just don’t affect each other; order of events is about sequence, not dependence; and probabilities summing to 1 is a general rule for outcomes of a single experiment, not a feature that distinguishes independent from dependent events.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy