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Saying that a set of events is mutually exclusive and collectively exhaustive implies that one and...

Saying that a set of events is mutually exclusive and collectively exhaustive implies that one and only one of the events can occur on any trial.

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True

The sum of the probabilities of the occurrence of the event in the case of mutually exclusive and collectively exhaustive is 1. When the set of events is mutually exclusive, both cannot occur at the same time while when the set is collectively exhaustive, at least one of the events must occur. Hence combining the two, the above statement holds true.

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