Explain how the probability of two independent events occurring together is calculated.
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When determining the probability of two independent events occurring together, you multiply their individual probabilities. For example, if the probability of Event A happening is 0.4 and Event B is 0.5, the probability of both events occurring together is 0.4 x 0.5 = 0.2, or 20%. This simple yet powerful formula makes it easy to assess the chances of multiple occurrences in various scenarios. In real life, think of tossing two fair coins. The probability of landing heads on the first coin is 0.5, and the same for the second coin. Using our multiplication magic, the chance of getting heads on both coins is 0.5 x 0.5 = 0.25, or 25%. This straightforward calculation enables us to tackle complex situations involving risk and uncertainty, whether you're playing games or evaluating investment outcomes!