Sum of probabilities of mutually exclusive and collectively exhaustive events
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When we will add all the possible events occured, it's is always equal to 1
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Sum of probabilities of mutually exclusive and collectively exhaustive events is 1.
- Mutually exclusive events are ones that cannot occur at the same time.
- In other words the probability of occurrence of two mutually exclusive events at the same time is 0.
- Union of all collectively exhaustive events give us the sample space.
- In other words if at least one of the event is occurring, then the set is called collectively exhaustive.
- So, the union of mutually exclusive and collectively exhaustive events make all the possible events.
- Hence the sum will be equal to 1.
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