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Let’s first understand by exclusive events.

Exclusive events are also called mutually exclusive events.

Exclusive events are events which cannot occur at the same time.

Let's understand by taking an example of a company who has a budget of 50 lacs.

And the projects available project a that is of 40 lacs and project B that is of 15 lacs.

Therefore, we cannot sign two projects at a time either one event is performed or the second.

Therefore, event A and event B are exclusive events.

We can also understand it better by taking an example of rolling a die.

When a random die is thrown there is no chance that two events will occur simultaneously.

Therefore, these two events are exclusive events.