Which Statement Is True About Mutually Exclusive Events

question 4

Multiple Choice

Which statement is true about mutually exclusive events?

• A)If events A and B cannot occur at the same time, they are called mutually exclusive.
• B)If either event A or event B must occur, they are called mutually exclusive.
• C)P(A) + P(B) = 1 for any events A and B that are mutually exclusive.
• D)None of these are correct.

---

Definitions:

Studying Economics

The academic pursuit that involves analyzing how goods, services, and resources are produced, distributed, and consumed in society.

Marginal Benefits

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.

Marginal Costs

The rise in overall expenses resulting from the production of an extra unit of a product or service.

Studying Economics

The academic pursuit focused on understanding how individuals, businesses, and governments make choices on allocating scarce resources to satisfy their unlimited wants.