Author Question: The states of nature are defined so that they are ___________. This means that at least one state of ... (Read 164 times)

Lobcity · **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.

asdfghjkl; · **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).