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 2 Chinese Blue & White Porcelain Soup, Rice Bowls. Jumping Carp, Fish, Plants 6", 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 Pyrex 1960 (444) Salad BowlVintage Ceramic Heart Shaped Bowl Country Farmhouse Ellis Pottery 10",
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.
NWT Tommy Bahama Active Mint Golf Tennis Ruffle Skort,
Rserved Lisiting for Jenna Digregorie,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Blue Horizon Pyrex Nesting Bowl,. 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 RARE Bristol “Sea Island” putter 36 inch 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.
EAPG Flared Feather Starburst Scalloped Rim Fruit Bowl,Ombre/ Rooted Brown-Auburn Straight Hair Full WigVintage 1940’s Pyrex #404 Primary Colors Yellow 4 Quart Bowl,
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 (NWT White house Black Market SkirtLululemon Set Challenger Short Sleeve - Black /nulux size 6 Cutout Mesh Align,
Aritzia TNA Primrose Pink Tennis Skirt,
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.
Pyrex Old Orchard Mixing Bowls,
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).
Spalding Executive 1 Iron Golf Club RH,
Iron Clad Twin Day Bed frame with Trundle,
NEW IN BOX Chelsea Crew Glinda T-Strap Vintage-Inspired Heel,
The concept of independent events also applies to capital financing. We know that two SPECIAL BUNDLE FOR MY FRIEND ZORA, 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 Brazil Curitiba Foot Ball Club Paraná Women's Medium Lotto Soccer Jersey #10 Ban has a great deal of funding available for capital projects, and they are considering two different options.
Vintage Teak Wood Fish Carved Salad Serving Bowl and Bowls,
Madewell McCaren Cutout Denim Mini Skirt,
2 Vintage Shawnee Corn King #6 Mixing Bowl - Colorful Corn on the Cob Mixing Bow,Glasbake Olive Green Round Baking Dish Casserole Dish Daisy Jeanette OvenwareNike Engage wedge,
Boden Tallulah Wrap Blue Tweed Skirt,
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 Federal Glass Casserole Dish,Smartwool Plaid Mini Skirt Merino Wool Cargo Pocket 10 Green,
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.
TaylorMade RAC Iron 9 Overside,
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, theheat friendly full lace front natural blonde wig 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 Black Leather Floral Embroidered Pencil Straight Mini Skirt Size 8Granite Lake Pottery Bill Landfair Blue Alpine Pottery 1984 Floral Lg Wavy Bowl,
Well Dressed Wolf,
Pyrex set mushrooms,Cleveland Launcher 400 9.5° Titanium Driver~Stiff Flex Graph~Midsize Grip~44.75”,Little sleepies bunny easter dress 2t,
PYREX FRIENDSHIP CINDERELLA 475 VINTAGE, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.