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Mutually Exclusive and Collectively Exhaustive Events ______________

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Mutually exclusive and collectively exhaustive events ______________.


Definitions:

Binomial Experiment

A statistical experiment that has two possible outcomes for each trial and a fixed number of trials, where each trial is independent of the others.

Probability

A numerical expression of an event's probability, with the scale going from 0, symbolizing that the event cannot occur, to 1, signifying guaranteed occurrence.

Probability of Failure

The likelihood or chance that a system or component will fail to perform its required function within a specified period under normal operating conditions.

Binomial Random Variable

A type of discrete random variable that counts how often a particular event occurs in a fixed number of trials.

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