Examlex
Product mix refers to a related group of products in the product line.
Addition Rule
A fundamental principle in probability theory that calculates the probability of either of two mutually exclusive events occurring.
Mutually Exclusive
Events or conditions that cannot occur at the same time, highlighting a clear distinction without overlap.
Addition Rule
A principle in probability and statistics that calculates the likelihood of any of multiple mutually exclusive events occurring.
Probabilities
The probability of an event happening, expressed numerically between 0 and 1, indicating the event's chance.
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