If a and B Are Mutually Exclusive Events, Then P(A

question 139

True/False

If A and B are mutually exclusive events, then P(A ∪ B) = 0.

---

Definitions:

English Auction

A common type of auction where participants openly bid against one another, with the price gradually increasing until only the highest bidder remains.

Rational Self-Interest

The principle that individuals tend to make decisions that they perceive to be the best for their own welfare and success.

Collude

A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.

Reserve Price

A reserve price is the minimum price a seller is willing to accept for an item at auction; if bids do not reach this price, the item is not sold.