For three events $A$, $B$, and $C$ of a sample space, $P(\text{exactly one of } A \text{ or } B \text{ occurs}) = P(\text{exactly one of } B \text{ or } C \text{ occurs}) = P(\text{exactly one of } C \text{ or } A \text{ occurs}) = \frac{1}{4}$. If the probability of all the three events occurring simultaneously is $\frac{1}{16}$, then the probability that at least one of the events occurs is:

  • A
    $\frac{3}{16}$
  • B
    $\frac{5}{16}$
  • C
    $\frac{7}{16}$
  • D
    $\frac{7}{32}$

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