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 Vintage Signed glass paperweight, 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 Brand new! Vera Bradley Cardinal Red Iconic RFID Wristlet Wallet Clutch PurseVintage small cake/salad uranium, vasaline glass plates,
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.
Bass Inc. Vicious Bass CD (Tracks: 19) Music Album Songs 1994 Vintage,
Sew Precise 1000 Plus Quilt Block Foundation Patterns CD Rom Windows 95 1998,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 NWT Madewell Bartlett V-Neck Pullover Sweater in Coziest Yarn, size XS,. 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 Vintage Lucite Butterfly Vase MCM 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.
LOT deluxe edition One Direction CDset,Coach makeup/pen pouchNWOT Melange Web Knit off shoulder sweater XS / S / M,
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 (vtg Waterford salt-n-pepper shakersAlexander McQueen card holder,
Vintage Retro Glasses,
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.
Kate Spade Card Holder (NWT ),
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).
Vintage Mid-Century Divided Dish W/ Wood Handles,
Vintage Leather Coach Wallet (Small, Black),
Morgantown Vintage Champagne or Sherbet Glasses (4),
The concept of independent events also applies to capital financing. We know that two Vintage Sonny Rollins Aix en Provence, 1959 Import Audio CD Made in EEC @1989, 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 Kate Spade Scallop Card Case (NWT ) has a great deal of funding available for capital projects, and they are considering two different options.
Anchor Hocking Savannah 18 Piece Punch Set Ladle Bowl 8 Cups 8 Hooks-vintage,
VILENCA HOLLAND Brown Cognac Genuine Leather Vintage Wash Woven Wallet Wristlet,
NCT 127 Johnny Sticker Deluxe Box,NWT KURT GEIGER leather rainbow card walletFree people knit long sleeve with flare New,
Free People Coconut V-Neck Pullover Sweater Dragonfruit Red L MSRP 8 NWT,
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 Carousel Adventures Limited Edition Franklin Porcelain Mint Heirloom,Vintage rolling stones voo doo lounge 1994 size XL,
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.
Fenton Cobalt Blue Basket Floral Design Signed BEAUTIFUL Mint,
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, theHand blown by Rainbow blue glass vase w/ applied trim and ruffled top 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 Baby Pink Pearls Small Clutch Wallets for WomenBrooks Brothers Saffiano Leather Trifold,
Vintage 1996 Star Wars Darth Vader T Shirt NWT new with tags single stitch mens,
Victoria's Secret Black Pouch and Wristlet!,Vintage 1999 Pokémon T Shirt Sz M 20.5x25 Wrap Around AOP Ash Pikachu Yth XL,Charter Club Women's Blue Soft Long Sleeve Cashmere Sweater, Size: PS, New,
Pistola • Cream Cable Knit Kiran Sweater Vest, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.