Mutually and Collectively Exhaustive Events
BUSN603 discussion
Instructions:
What is the meaning of mutually exclusive events? What is meant by collectively exhaustive? In your responses, please give an example of each. Please also comment on the examples provided by other students in your responses to others.
Answer preview
Mutually exhaustive and collectively exhaustive events are part of the theories of logic and probability. Mutually exhaustive events are those events in which only one of the options can occur (Heald, 2017). That means that both events cannot happen at the same time. If one of them is present, then it is definite that the other is absent. Mutually exclusive events are also known as disjoint. In the logic theory, the term means that two events cannot co-occur and are commonly referred to as pairwise mutually exclusive…
(350 words)