Mutually exclusive means they are independent of one another. So, the two events are independent of one another.
Yes.
No, independence means they are not related. Mutually exclusive means they cannot occur at the same time.
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.
Mutually exclusive means they are independent of one another. So, the two events are independent of one another.
Yes.
No, independence means they are not related. Mutually exclusive means they cannot occur at the same time.
provide one business-related example each, with explanation, for mutually exclusive and independent events
Whether the events are independent or dependent, whether or not they are mutually exclusive.
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.
To calculate the probabilities of compound events, you can use the multiplication rule or the addition rule, depending on whether the events are independent or mutually exclusive. The multiplication rule is used when the events are independent, and you multiply the probabilities of the individual events. The addition rule is used when the events are mutually exclusive, and you add the probabilities of the individual events.
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.
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.