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Basic Question 7 of 7
One card is drawn from a standard 52-card deck. In describing the occurrence of two possible events, an ace and a king, these two events are said to be ______.
B. mutually exclusive
C. random variables
D. randomly independent
A. independent
B. mutually exclusive
C. random variables
D. randomly independent
User Contributed Comments 7
| User | Comment |
|---|---|
| Bibhu | Mutually exclusive doesn't mean the sum of the probabilities are 1. |
| childpsych1 | Mutually exclusive means they cannot happen at the same time in one event |
| rv118 | Sweet, thanks!! |
| pokigbo | Mutually exclusive and collectively EXHAUSTIVE means that the sum of the probabilities will equal 1. |
| Fezfez23 | Why would you give us 4 choices when in an exam there are 3 choices? This is messed up. |
| wenhu | good question |
| iiman | Aren't they both independent events |
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Learning Outcome Statements
formulate an investment problem as a probability tree and explain the use of conditional expectations in investment application
CFA® 2025 Level I Curriculum, Volume 1, Module 4.