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 Apple Watch Series 5 40MM, 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 CROCS Mickey Mouse Fleece Lined ClogsVionic shoes new,
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.
Bluetooth Smartwatch iPhone android ios,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 STAR WARS SQUADRON XBOX CONTROLLER,. 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 Gameshark for gameboy advance 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.
Razer Halo Headset Gaming Headset Kaira Pro,Apple Watch Series 6 44 mm Aluminum Blue cellular watchJordan 3 Retro cool grey 2021 S9,
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 (Evan Picone size 10 black leather heel pumpFinal fantasy 1 nintendo power strategy guide,
NEW!! Apple SE Nike Variant Space Gray 44 mm Smart Watch,
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.
Air Jordan V Low 'Golf Shoes" CU4523 003-Size M 8.5 / W 10,
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).
Pokémon Bubble - 500 Piece Jigsaw Puzzle,
Brand new iphone backbone controller,
Ovo X Air Jordan 8 Retro "White" Size 11.5,
The concept of independent events also applies to capital financing. We know that two Field ‘n Forest 8468 Country Farming Boots Leather, 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 Punky Brewster Doll has a great deal of funding available for capital projects, and they are considering two different options.
Guitar Hero for nintendo wii black guitar,
Silver PS4 Dualshock Controller,
Nintendo64 Memory Cards N64 In Box (10),Apple Watch SE 40mm - Under WarrantyVince Camuto shoes blush vintage style shoe size 8.5,
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 NEW Portal Facebook,Gameboy Advance Wing Grip Handle Controller for GBA Brand New,
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.
Keysmart Pro Edition,
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, the1.state button down midi dress 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 Nintendo 64 expansion pack with boxNike Air Jordan 1 Retro High OG size 12,
Calvin Klein Leather Pumps, 11M,
Xbox One Elite Controller Black,MYO (Control Gesture Armband / NWOT),Withings Scanwatch 42mm Black,
Air Jordan 1 Patent OG sz 10, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.