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 Lucky Brand Wedge Obelia Open Toe Black Block Heel Shoes, 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 Nike Dunk low Off white Lot 5Necklace Emerald and Rare Black Spinel Natural Stones Handcrafted Gift Ideal,
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.
YouTooz Youtube Bundle,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Silpada 925 Sterling Silver Beaded Necklace,. 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 AEW Cody Rhodes Signed All Elite Wrestling Unrivaled 4 Figure Autograph JSA COA 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.
Team USA signed Photo with COA, NT dak Prescott patch auto,Jordan 1 OG High Bred ToeAndrew Luck Signed Ind.Colts Nike jersey/ Global Authentics Sticker Only,
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 (2021 Bowman Platinum Topps Certified Autograph Issue Gold Auto 44/50 CardTrey sermon autographed mini helmet,
Uncommon James Double Linked Chain Necklace - Gold,
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.
Vintage Lisner Necklace and Earring,
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).
(6) Total Dennis Rodman Items / Including Autograph,
Reserved- Neena Sherrill Bowen,
London Blue Sterling silver necklace,
The concept of independent events also applies to capital financing. We know that two Reserved Bundle for Clint, 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 Antonio Melani Questa Braided black leather Heels has a great deal of funding available for capital projects, and they are considering two different options.
Vintage Ladies 18' Necklace Authentic 925 Sterling Silver & Genuine Diamond Cruc,
Paige Medium Wash Straight Leg Jeans Women’s Size 30,
Mitchlombo 2 Signed Prospect bats with COA,BATMAN VAMPIRE STATUE The Undead Guardian of Gotham Limited Edition 0969/2800Ken Kaneki Funko Pop Signed autograohed by Austin Tindle Tokyo ghoul glow,
442nd Clone Trooper and Shock Trooper Funko,
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 The Real Ghostbusters Banshee Bomber With Box! 1984 Kenner Toys - Super Rare,*~ Marni ~* H&M RARE White FLOWER NECKLACE,
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.
Dr. Martens 1490 Joska Stud Black/White,
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, theFunko Lot of Black Butler Pops Sebastian Ciel Grell Undertaker 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 Albert Pujols signed framed photo Cardinals Field of DreamsMoonstone & Tanzanite Bracelet Gemstone Handmade Jewelry,
Womens Buckle platform sandals,
Lot Necklace Earrings Necklaces beautiful perfect for any occasion,Disney Traditions Jim Shore Showcase Castle,PANDORA Disney Cat Lady Charm,
DG2 by Diane Gilman Destructed Floral Fray-Hem Ankle Jeans 10 Cream Ivory, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.