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 Large Cobalt Blue Vase Ribbed Panel Optic Design Anchor Hocking Floor Vase 13", 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 Alicia handkerchief vase Made in Poland 11 in tallLululemon Women Blush Pink Short Sleeve Mesh Detail Open Back Athletic Top 8,
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.
Free People Maria Bouvier Ubajay Mock Neck Puff Sleeve Purple Top Blouse Medium,
Charles Tyrwhitt 38R Slim Fit Sport Coat Gray Super 100s Wool Two Button Vented,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Diamond Edition Charmander and Eevee Bundle with Yzma #796,. 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 Lilly Pulitzer Briette Button Down 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.
Funko Pop Moon Knight,Valentine's vases Love Inscribed Quantity twoTorrid Lynyrd Skynyrd Choker Tee,
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 (Mookie Betts Los Angeles Dodgers City Connect Bobblehead FOCO NEW IN BOXAritzia Wilfred Lilith Blouse Smocked prairie blouse Black/Green Vines Sz XS,
Jay And Silent Bob Funko Pop set of 2 pops NIB vaulted,
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.
Asian Porcelain Vintage Vase,
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).
Alice + Olivia Gray Jeweled Neck Short Sleeve Ruched Sides Top X-Small,
NEW IN BOX Furby Babies WalMart Special Edition,
Hugo Boss 40R Grand Central Suit Jacket,
The concept of independent events also applies to capital financing. We know that two Lovers + Friends Carissa Ruffle Sweater Pink Women's Size XS, 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 Strawberry Shortcake Rainbow Group Graphic One Size Women Green T-Shirt has a great deal of funding available for capital projects, and they are considering two different options.
Funko Pop! Anime Demon Slayer 876 Giyu Tomioka AAA Anime Exclusive Signed Auto,
L'Agence Nina Silk Blend Spread Collar Blouse In Tawny Burnout,
Lineage - Men's Suit - Jacket: 44R / Pant: 38R - Burgundy,Vince Plissé Mock Neck Shell In Black Satin Sleeveless Pleated Women’s MediumVintage Brooks Brothers Camel Hair Mens Sportcoat Blazer Size 43R,
Bonobos 40L Charcoal 100% Wool 2-Button Dual-Vent Sports Coat,
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 Tails and Shadow Funko Pop Bundle,FP FREE PEOPLE Washed Black Distressed Button Down Long Sleeve Blouse Top Shirt,
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.
my hero academia,
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 Pop Marvel Black light Lot of 4 with spiderman and dr. Strange 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 Vintage Fisher Price A-Frame (#2), complete with boxTie Dye front cut out Tee,
Bundle for Audra Sigala,
Mojelica Vase,Pitcher MCM Optic Ribbed Hand Blown Blue Glass Applied Handle 8",BCBG Max Azria Knit Top Shirt XSmall,
Vintage Tweed Blazer Jacket Sport Coat 40R Brown Herringbone Mens Palm Beach, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.