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.

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Definitions:

Optimal Act

The most efficient or effective action to achieve a desired outcome or goal.

Posterior Probabilities

The probabilities that are computed after taking into account known or observed evidence, often used in Bayesian statistics.

Prior Probabilities

Prior probabilities are the initial estimations of the likelihood of an event, based on existing knowledge before any new evidence is taken into account.

Likelihood Probabilities

The probabilities that express the plausibility of different parameter values given a certain outcome.