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A Discussion On Mutual Exclusivity

The events X and Y are mutually exclusive. Suppose P(X) = .05 and P(Y) =.02. What is the probability of either X or Y occurring? What is the probability that neither X nor Y will happen?

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Since X and Y are mutually exclusive, P(
Probability of either X ...

Solution Summary

The solution is comprised of a concise but thorough calculation of the probability of two mutually exclusive events not happening.