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Quantitative Techniques MBA102 - Q1 vi

Answer: Mutually Exclusive and Exhaustive Event: At the point when two occasions are Mutually Exclusive, it implies the two of them can't happen simultaneously. Yet, it doesn't need to be guaranteed to suggest that one of the two events needs to occur. At the point when two events are exhaustive, it implies that one of them should happen. Reconsider of a coin throw. The outcomes are mutually exclusive(it will be either heads or tails; it can't be both on a similar flip). Furthermore, it will be one of the two choices — heads and tails are the main potential choices (in this way they are exhaustive).
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Quantitative Techniques MBA102 - Q1 x

Answer:  Irregular Fluctuations: Irregular fluctuations  address startling developments connected with events other than those recently thought of. They should be indistinguishably and autonomously circulated with mean 0 and fluctuation s². The impacts because of flood, drafts, starvations, tremors, and so forth are known as sporadic varieties. All varieties barring pattern, occasional and repeating varieties are unpredictable. However, at times repetitive changes also can get created from regular catastrophes .
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