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How many spaces should be provided to have a 96% probability of accommodating all of the waiting cars?
Mutually Exclusive
A statistical term describing events that cannot occur at the same time, indicating no overlap in outcomes.
Joint Probability
The likelihood of two events happening at the same time.
Conditional Probability
The probability associated with an event under the condition that a separate event has already transpired.
P(A And B)
The probability that events A and B both occur in a probabilistic experiment.
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