### Possible Answer

One example of an event that is both collectively exhaustive and mutually exclusive is tossing a coin. The outcome must be either heads or tails, or p (heads or tails) = 1, so the outcomes are collectively exhaustive. When heads occurs, tails can't occur, ... - read more

The MECE principle, pronounced 'me see', mutually exclusive and collectively exhaustive, is a grouping principle for separating a set of items into subsets, the choice of subsets should be mutually exclusive and collectively exhaustive. - read more

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