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Author Question: The states of nature are defined so that they are ___________. This means that at least one state of ... (Read 171 times)

Lobcity

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on: Jun 24, 2018
The states of nature are defined so that they are ___________. This means that at least one state of nature must occur at a given time for a chance event.
 a. collectively exhaustive
  b. mutually exclusive
  c. certain events
  d. optimistic outcomes

Question 2

No more than one state of nature can occur at a given time for a chance event. This indicates that the states of nature are defined such that they are
 a. collectively exhaustive.
  b. mutually exclusive.
  c. independent outcomes.
  d. conservative events.


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asdfghjkl;

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a
RATIONALE: The states of nature are defined so that they are mutually exclusive (no more than one can occur) and collectively exhaustive (at least one must occur).

Answer to Question 2

b
RATIONALE: The states of nature are defined so that they are mutually exclusive (no more than one can occur).


Lobcity

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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