What Is the Difference Between Mutually Exclusive Events and Compatible

question 26

Multiple Choice

What is the difference between mutually exclusive events and compatible events?

• A)Two mutually exclusive events cannot both occur, whereas two compatible events can.
• B)Two compatible events cannot both occur, whereas two mutually exclusive events can.
• C)Two compatible events must both occur, whereas two mutually exclusive events might or might not both occur.
• D)Two mutually exclusive events must both occur, whereas two compatible events might or might not both occur.
• E)Mutually exclusive events are a category used for conjunction, whereas compatible events are a category used for disjunction.

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Definitions:

Comprehensive Income

Comprehensive income is the total change in equity for a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including all non-owner changes in equity such as unrealized gains and losses on investments.

Unrealized Gains

Increases in the value of an asset that has not been sold and therefore the profit has not been realized.

Dividends Paid

Cash or stock payments made by a company to its shareholders out of its profits.

Exchange Rate

The cost of a nation's currency expressed in the currency of a different nation.