What does "mutually inclusive" mean?


Mutually inclusive events are events that occur at the same time. This concept is useful in statistic to explain the probability of two or more events taking place at the same time.
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What Is a Mutually Inclusive Event?
A mutually inclusive event is one that can happen at the same time another occurs. Although this term is rooted in mathematics, it does have a place in other fields. In finance, for example, mutually inclusive events are business decisions in which one... More »
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