What Is Another Word For Mutually Exclusive?

Do mutually exclusive events add up to 1?

The sum of the probabilities of mutually exclusive events can never be more than 1.

The sum of the probabilities of mutually exclusive events is always less than 1, unless the same set of events is also exhaustive, in which case the sum of their probabilities is exactly 1..

What does mutually independent mean?

The events are called pairwise independent if any two events in the collection are independent of each other, while saying that the events are mutually independent (or collectively independent) intuitively means that each event is independent of any combination of other events in the collection.

What does it mean to say two things are mutually exclusive?

Mutually exclusive is a statistical term describing two or more events that cannot happen simultaneously. It is commonly used to describe a situation where the occurrence of one outcome supersedes the other.

What is another word for exclusive?

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What does mutually mean?

mutually(Adverb) in a shared manner; equally; affecting all parties the same way. The adventure was mutually beneficial.

How do you choose a mutually exclusive project?

Net Present Value Decision RulesIndependent projects: If NPV is greater than \$0, accept the project.Mutually exclusive projects: If the NPV of one project is greater than the NPV of the other project, accept the project with the higher NPV. If both projects have a negative NPV, reject both projects.

When two things Cannot exist together?

Two or more things that do not fit well together, or are not adapted to each other, are said to be incongruous; a thing is said to be incongruous that is not adapted to the time, place, or occasion; the term is also applied to a thing made up of ill–assorted parts or inharmonious elements.

How do you use mutually exclusive?

The expression “mutually exclusive” is used in statistics to refer to events that cannot occur at the same time. For example, with \$10 in my pocket, I go into a store intending to buy a battery and a jump drive, but each item costs \$10. I can buy the battery or I can buy the jump drive, but not both.

What is an example of mutually exclusive?

Mutually Exclusive: can’t happen at the same time. Examples: Turning left and turning right are Mutually Exclusive (you can’t do both at the same time) Tossing a coin: Heads and Tails are Mutually Exclusive.

How do you know if something is mutually exclusive?

Two events are mutually exclusive if they cannot occur at the same time. Another word that means mutually exclusive is disjoint. If two events are disjoint, then the probability of them both occurring at the same time is 0.

What does mutually inclusive mean?

If you have two events that are dependent in some way, they are mutually inclusive. … In probability terms, two events are mutually inclusive if their intersection is greater than zero: P(A or B) > 0.

What is mutually exclusive investment?

Mutually exclusive investment decisions. Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.

What is the opposite of mutually exclusive?

Mutually exclusive events are occurrences that can’t happen at the same time. … The opposite of mutually exclusive is mutually inclusive. That means, two events should happen at the same time and that they cannot be independent of one another.

What does it mean to say something is not mutually exclusive?

If two events are mutually exclusive, it means that they cannot occur at the same time. … Rain and sunshine are not mutually exclusive (that is, they can occur together), as shown by this image of a sunshower. Photo by Wikimedia Commons.

What is the difference between mutually exclusive and independent?

Events are considered disjoint if they never occur at the same time; these are also known as mutually exclusive events. Events are considered independent if they are unrelated. Two events that do not occur at the same time. These are also known as mutually exclusive events.

Can two events be mutually exclusive and independent?

Mutually exclusive events cannot happen at the same time. For example: when tossing a coin, the result can either be heads or tails but cannot be both. … This of course means mutually exclusive events are not independent, and independent events cannot be mutually exclusive.