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.
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
The answer depends on whether A and B can occur together, that is, if they are mutually exclusive.
Potentially inclusive events are events that can happen simultaneously. For example, events A and B can occur at the same time. When these events do cannot occur simultaneously, then then are called Mutually exclusive (opposite). Potentially Inclusive: If A is heads of Coin 1 and B is heads of Coin 2, then tossing of both the coins is potentially inclusive since you can get heads on both the coins same time. Mutually exclusive: If A is heads and B is tails , then tossing of a coin is mutually exclusive since you cannot get heads and tails at the same time. You either get heads or tails.
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.
No, if two events are mutually exclusive, they cannot both occur. If one occurs, it means the second can not occur.
At most one of the events can occur.
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.
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.
No because the term mutually exclusive implies the the trials that could result in these events are sequenced in time.
No, independence means they are not related. Mutually exclusive means they cannot occur at the same time.
Mutually exclusive.
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
Two events that cannot occur at the same time are called mutually exclusive.
Two mutually exclusive events, means these two event can not occur at the same time. In probability theory, this is stated as: Given events, A and B, then Pr(A and B) = 0. See related link...