If two events, A and B, are mutually exclusive, then the probability that either A or B occurs is the sum of their probabilities. Meanwhile, mutually inclusive compound events are situations where ...

If available Projects A and B each cost $40,000 and Project C costs only $10,000, then Projects A and B are mutually exclusive. If the company pursues A, it cannot also afford to pursue B and vice ...

Mutually Exclusive Events: events are mutually exclusive if they cannot occur at the same time. ... if probability of A is 0.8 and probability of B is 0.65, A is more likely to happen than B); this ...

If A and B are mutually exclusive events. \(P(\text{A or B}) = P(A) + P(B)\) Example. A bag of sweets contains 7 toffees, 5 gummies and 6 caramels. A sweet is selected at random. What is the ...