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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Two events are mutually exclusive if they can’t happen at the same time.
For example, if you flip a coin it can’t land heads AND tails on the same flip.
Or if you roll a die, it can’t land on 1 AND 6 on the same roll.
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