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The document discusses the concept of probability. It defines probability as the likelihood of an event occurring based on the number of possible outcomes. It provides an example of calculating the probability of picking a red ball from a basket containing balls of different colors. The document then discusses key terms related to probability like sample space, sample point, events, mutually exclusive events, and exhaustive events. It also explains the concepts of conditional probability and Bayes' theorem along with examples. It discusses the multiplication theorem of probability and the concept of independent events.












