Mutually exclusive events are considered two events that cannot coexist with one another, in other words, if the first event is happening the second just cannot. Determining the probability for mutually exclusive events can be done by using the formula P ( A and B ) = 0.
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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.