- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 8. Probability Concepts
- Subject 1. Introduction

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**CFA Practice Question**

One card is drawn from a standard 52-card deck. In describing the occurrence of two possible events, an ace and a king, these two events are said to be ______.

B. mutually exclusive

C. random variables

D. randomly independent

A. independent

B. mutually exclusive

C. random variables

D. randomly independent

Correct Answer: B

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**User Contributed Comments**
6

User |
Comment |
---|---|

Bibhu |
Mutually exclusive doesn't mean the sum of the probabilities are 1. |

childpsych1 |
Mutually exclusive means they cannot happen at the same time in one event |

rv118 |
Sweet, thanks!! |

pokigbo |
Mutually exclusive and collectively EXHAUSTIVE means that the sum of the probabilities will equal 1. |

Fezfez23 |
Why would you give us 4 choices when in an exam there are 3 choices? This is messed up. |

wenhu |
good question |