If Two Events, a and B, Are Mutually Exclusive, Then $$P ( A \text { and } B ) = P ( A ) \times P ( B ) \text {. }$$

question 104

True/False

If two events, A and B, are mutually exclusive, then $$P ( A \text { and } B ) = P ( A ) \times P ( B ) \text {. }$$

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Definitions:

Diamond Rings

Jewelry pieces featuring diamonds set in rings, commonly used as a symbol of commitment in engagements and weddings.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a given price over a specific time period.

No Close Substitutes

A market condition where a product or service has no similar alternatives close enough to serve as a replacement, enhancing its unique value.

Diamonds

Precious stones consisting of a clear and typically colorless crystalline form of pure carbon, often used in jewelry.