If Two Events Are Collectively Exhaustive,what Is the Probability That

question 102

Multiple Choice

If two events are collectively exhaustive,what is the probability that both occur at the same time?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

---

Definitions:

Health Care Market

The aggregate of all services, products, and institutions involved in the provision and consumption of health care services.

Low-Fat Food

Food products that have been processed or modified to reduce their fat content, often to appeal to health-conscious consumers.

Health Care Industry

An industry involved in delivering healthcare services, producing medical devices or pharmaceuticals, offering medical insurance, or engaging in activities that support the delivery of healthcare to individuals.

Highly Elastic

Describes a situation where a small change in price leads to a significant change in the quantity demanded or supplied.