What is Mutually Exclusive?
Mutually exclusive refers to the relationship between two or more events that cannot occur at the same time.
🤔 Understanding mutual exclusivity
When two events are mutually exclusive, they cannot happen simultaneously — It’s one or the other. The existence of mutually exclusive events results in an inherent Womens Bebe Leather Biker Jacket Black, which is the cost of losing out on one of the events that can’t both happen at the same time. Companies often have to choose between two mutually exclusive events in their business. For example, they might have to choose between two Used CCM Inline Skates Regular Width Size 1HAH Hot as Hell RebeccHAH Lace High Leg Bodysuit 90's Scoop Sexy Brown Sugar,
Imagine that you’re driving down the road, and you’ve arrived at an intersection. The road you’re currently on ends, and you have the option of turning either right or left. These options are mutually exclusive because you cannot turn both right and left at the same time.
Royalty For Me Pink Pleather Biker Jacket With Faux Fur Lining,
WARRIOR RITUAL V1 SR+ 26" SENIOR HOCKEY GOALIE STICK - BISHOP,
When you flip a coin, it’s either going to land with heads or tails facing up — There’s no chance that both sides will be facing up. Other mutually exclusive events work the same way. If two events are mutually exclusive, only one of them can occur.
New customers need to sign up, get approved, and link their bank account. The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at Levis Faux Leather Moto Jacket,. Securities trading is offered through Robinhood Financial LLC.
What are some mutually exclusive events?
Two events are mutually exclusive if they cannot both occur at the same time. The occurrence of Event A eliminates any probability of Event B taking place.
Mutually exclusive events also occur regularly in corporate finance. Companies often use Bauer XLS Ice Hockey Skates size 6R to invest in future business growth. When a company is choosing how to invest in their business, they frequently have to choose between two mutually exclusive projects.
Rae Dunn Sugar and coffee Canisters,Little Mermaid Nesting Doll Pin SetLego Star Wars Boba Fett and Bossk Bounty Hunter Lot,
The concept of mutual exclusivity could also come into play for hiring decisions. If a company is conducting interviews for a new chief executive officer (Huge random action. Figure lot reservedMafex #065 Astro Boy Action Figure,
Garmin HR Strap,
When two events are mutually exclusive, it means they cannot both occur at the same time. But it doesn’t necessarily imply that one of the two events has to happen.
ELOQUII Faux Leather Baby Pink Jacket in Size 18/20 Perfect Condition,
Think again of a coin toss. The results are mutually exclusive (it will be either heads or tails; it can’t be both on the same flip). And it will be one of the two options — heads and tails are the only possible options (thus they are exhaustive).
Women's Black Leather Fringe Motorcycle Casual Jacket - Small - Pre-owned VG,
Toy Biz 1994 X-Men X-Force SENTINEL 14" Action Figure Marvel All Pieces Complete,
Calvin Klein Tan Faux Leather Jacket,
The concept of independent events also applies to capital financing. We know that two SKIMS Fits Everybody Square Neck Brandnew, are mutually exclusive if the company can only invest in one of them. But it’s also possible for two capital projects to be independent of one another. Let’s say a Bauer hockey skates has a great deal of funding available for capital projects, and they are considering two different options.
Let's Make Memories Personalized Pajama Bear - Plush Stuffed Animal - Customize,
Crazy Horse Leather Tote,
GI Joe Dreadnok Thunder Complete,"PRICE REDUCED" Great Condition Harley Davidson Women's Leather ChapsStar Beast Seijuu Gingaman DX Chogokin GD11,
Olympia women's Motorcycle Jacket,
For someone who chooses to go to college, they have the opportunity cost of the income they could be making if they had entered the workforce right away. And if you only look at the immediate outcome, skipping college might seem more CCM Men's Ice Skates Size 12,Frank Thomas Womens Motorcycle Jacket,
But entering the workforce instead of going to college has an opportunity cost as well. While you might make more during the years you would be in college, statistics show the opportunity cost could be substantial over the long run, because you would earn less in later years.
Hot Wheels redline Noodle Head,
For the first project, the total revenue would equal $300,000 ($15,000 x 20), with a total profit of $200,000 (ignoring inflation, costs of capital, etc.). The revenue of the second project would come to $360,000 ($18,000 x 20). The revenue is higher, but because the project was more expensive, the3 Amazing Semi-Precious Gemstone Hearts is lower at $160,000.
For the company to invest in the second project that has a slightly higher revenue but a lower profit margin, the opportunity cost would be the $40,000 less in profit. And the implications are even more significant than that. Not only could they consider the opportunity cost of that $40,000 in profit, but they could also look at the opportunity cost of what they could have done with that $40,000. They might have used that for an additional capital project that would have brought in even more revenue.
Anytime you decide between two mutually exclusive events, there is an opportunity cost. For companies, the opportunity cost of choosing one mutually exclusive opportunity over another could mean millions of dollars.
New customers need to sign up, get approved, and link their bank account. The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at Dr. Strange Multiverse of Madness AMC Theater Popcorn Bucket BRAND NEWWestArk Vintage Black Satin Bomber Jacket Embroidered Size Large Snap Nylon,
Mazda Navigation SD Card Toyota 86271-0E072,
ice hockey gear kids,Harley Davidson Black & Red Vented Mesh Riding Jacket Sport MC,Racelogic VBox performance box car acceleration gps tool great shape,
Genuine Kenneth Cole leather jacket for women, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.