When Did the Great Recession Begin and End? How Many

question 17

Essay

When did the Great Recession begin and end? How many months did it last? When did the Great Depression begin and end? How many months did it last?

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Definitions:

Collectively Exhaustive

A condition where all possible outcomes or cases are considered together, covering every eventuality.

Probability

A measure of the likelihood of a given event occurring, often expressed as a number between 0 and 1.

Mutually Exclusive

Events or propositions that cannot both be true or occur at the same time, implying the occurrence of one event excludes the occurrence of the other.

P(A)

The probability of event A occurring.