If Two Events Are Mutually Exclusive and Collectively Exhaustive,what Is

question 31

Multiple Choice

If two events are mutually exclusive and collectively exhaustive,what is the probability that both occur?

• A)0.0
• B)0.5
• C)1.0
• D)This can be any probability between 0 and 1.

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Definitions:

Over-Confidence

A psychological condition where an individual overestimates their knowledge, skill, or importance.

Noise Trader

A trader whose trades are not based on information or meaningful financial analysis.

Day Trading

The practice of buying and selling financial instruments within the same trading day, taking advantage of small price movements.

Arbitrageur

An investor who attempts to profit from price inefficiencies in different markets by simultaneously buying and selling equivalent assets.