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What is the meaning of mutually exclusive events? What is meant by collectively exhaustive?

What is the meaning of mutually exclusive events? What is meant by collectively exhaustive?

Please use this as 1 of the references:

Render, B., Stair, R. & Hanna, M. (2011). Quantitative Analysis for Management. (11th Ed).

Upper Saddle River, New Jersey: Pearson Prentice Hall.


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