Mutually exclusive:-
Two events or two outcomes (say, A and B)are said to be mutually exclusive, if at a time occurence of one prevents the occurence of the other
Now, if there is an event say x, which is said to have occured if any one of those mutually exclusive events occurs (at a time), then the
probability of event X will be,
P(X) = P(A or B) = P(A) + P(B) ...(1)
SimplesT example:
Event of getting head or tail while tossing a coin = x
Probability of getting head = P(A) = 1/2
Probability of getting tail = P(B) = 1/2
Now,
Probability of X = P(X) = P(A or B) = P(A) + P(B) = 1/2 + 1/2 = 1
Independent:-
Two events are said to be independent of each other if, occurence of one doesn't affect the probability of the other event.
P(X) = P(A and B) = P(A).P(B)