Final answer:
Living in student housing within five miles of campus and receiving financial aid are not mutually exclusive. Students can experience both concurrently.
Step-by-step explanation:
To answer whether living in student housing within five miles of the campus and receiving some kind of financial aid are mutually exclusive, we must understand the term 'mutually exclusive.' If two events are mutually exclusive, this means that the occurrence of one event excludes the possibility of the other event occurring at the same time. In the context of the given situation, there is no inherent reason why a student who lives in student housing within five miles of the campus cannot also be receiving financial aid. These two conditions can exist simultaneously for the same student. Therefore, the correct answer to whether they are mutually exclusive is:
B. No
Many students live close to campus in student housing and also receive financial aid, highlighting that these conditions are not mutually exclusive but can be complementary parts of a student's experience.