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Major Developer built a subdivision in which it offered a number of houses for sale.The Smiths bought one of these houses.During the first rain,water entered under the crawl space of the house.Water then accumulated to a depth of 17 inches in a room where the furnace and water heater were located.This frequently caused the water heater to perform inefficiently.With each rainfall,water continued to collect.The house became damp and developed a serious mildew problem.What remedies do the Smiths have?
Probability
A quantification of the chances of a given event happening, with its value lying anywhere from 0 to 1.
Simple Events
In probability, an event that cannot be broken down further into simpler components.
Probabilities
They are measures of the likelihood or chance of an event occurring, expressed as a number between 0 and 1.
Sample Space
The collection of every potential result from a statistical experiment.
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