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 ON HOLD 4 LAKINS- THE BEATLES GROOVY TIE DYE BUTTERFLY MEGA MIX+!, 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 Vintage 1983 Intex Inflatable Air Mat Pool Lounge Float Lot Of 2Michael Kors trifold wallet,
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.
2001 Collector's Edition Holiday Barbie Turquoise Gown,
Nerf Party Pack & 100 Brand New Darts,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Lululemon Swiftly Tech Long Sleeve sz 2,. 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 lululemon mineral blue cates tee NWT size 6 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.
Glacier 520 ice skates kids size 12,LOVE HEALS THE SEVEN YEAR ITCH WITH MARYLIN+!Coach mini tote,
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 (VS very sexy panty underwear XS Pink/BlaAdrianna Papell Black Tafetta Party Dress Prom Wedding or Bridesmaid Cocktail Re,
Sexy red side cut out cheeky bikini bottoms,
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.
Michael Kors Hamilton large vanila crossbody bag,
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).
Killstar PVC Goth Cat Pool Float,
Nerf Rival Nemesis with 100 rival rounds,
Cabbage Patch AA Lions Mane HTF,
The concept of independent events also applies to capital financing. We know that two Nike Vaporknit II Soccer Shirt Jersey Volt Women Size Medium, 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 VINTAGE SILVESTRI Bear Dolls trio 7" 1960s has a great deal of funding available for capital projects, and they are considering two different options.
Lalaloopsy Peppy Pom Poms,
Loungefly tattoo tinkerbell wallet set,Joseph Ribkoff dress S. Sleeveless. Navy with white polka dots.Christian Dior Womens Trifold Wallet Brown Lizard Skin Embossed,
athleta momentum long sleeve top S,
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 VS Vintage Dream Angels Lace Cheeky panty Seamless,Authentic Louis Vuitton Vernis Wallet,
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.
OXO Tot Diaper Caddy with Changing Mat,
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, theNERF Mega Lot 5 Blasters Tri-Break Magnus Thunderbow Used Tested 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 Naartjie Shorts size 12-18 months NewLululemon Deep Cove Tee White,
Michael Kors Hoodie dress,
S&S Worldwide W5267 Big 10 Plastic Bowling Pins (Pack of 10) Ages 3+,VS vintage tulle rose thong panty,DEMIJOHN Wicker Wrap Wine Bottle,
Anstoy Electric Gel Ball Blaster AEG AKM-47 (Red), Eco Friendly, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.