It is the opposite of mutually exclusive. Potentially inclusive are events that can happen at the same time, as mutually exclusive events can't.
No because the term mutually exclusive implies the the trials that could result in these events are sequenced in time.
provide one business-related example each, with explanation, for mutually exclusive and independent events
Two events that cannot occur at the same time are called mutually exclusive. If two events are mutually exclusive what is the probability that both occur.
It means that if one of the events happens the other cannot.
The definition of mutually exclusive events is that the events can't occur at the same time. For example, you can't flip a coin and get a head and a tail; they are mutually exclusive events.
It is the opposite of mutually exclusive. Potentially inclusive are events that can happen at the same time, as mutually exclusive events can't.
No, if two events are mutually exclusive, they cannot both occur. If one occurs, it means the second can not occur.
No because the term mutually exclusive implies the the trials that could result in these events are sequenced in time.
At most one of the events can occur.
Yes.
Yes, they are. Mutually exclusive events cannot occur together. Complementary events cannot occur together either because an event and its complement are the negative of each other.
Mutually exclusive means they are independent of one another. So, the two events are independent of one another.
No, independence means they are not related. Mutually exclusive means they cannot occur at the same time.
Yes.
Add the probabilities of the two events. If they're not mutually exclusive, then you need to subtract the probability that they both occur together.
provide one business-related example each, with explanation, for mutually exclusive and independent events