It’s one of those phrases I just kinda nod my head and go “yeah” when I hear it. I’ve looked it up before, but the definition never stuck. Same thing happened with “survivorship bias,” but I eventually figured that one out.
I guess I need it explained in a different way for it to stick.
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If A and B are mutually exclusive, then it means that A might happen or B might happen, but it is not possible for A and B to both happen.
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