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 new FLIR TCX Thermal Mini-Bullet camera security, 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 Shoshanna Yasmine Blue Printed Tiered Floral Midi Surplice Dress Size 6Rothy's Vintage Gray Lace Up sneakers,
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.
jeffery campbell block heel sandals,
Theory Women’s Black Off the Shoulder Blazer Size 6,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 Banana Republic Black Collar Necklace RBG,. 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 Rachel Zoe Women's Brocade Tuxedo Blazer Jackets Black 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.
Coach Gold Metallic Heeled Sandals 10M,SANDRO Trice Lace Detail Midi Dress Black Noir Size M/ 38 0 NEWHobbs London Maya Colorblock Dress,
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 (Green Leather Jacket Coat Outerwear Asymmetrical Vero Moda Perforated XS NWTLululemon Dark Grey The Lab Zipp Snap Button Back Zipper Blazer 4 Small,
1980s Vintage FFA Future Farmers of America Agriculture California Jacket Size,
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.
lululemon athletica Speed Limit Crop 23",
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).
Floral Kourtney Reformation Dress sz 0,
Vintage 1960s Manor Furs Persian Lamb & Mink Fur Cropped Double Breasted Jacket,
IRO Disco Jacket Blue Printed Tweed Metallic Size 40,
The concept of independent events also applies to capital financing. We know that two prada runway dress sandals fringe shoes, 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 60s Houndstooth Plaid Mod Overcoat S Brown 3/4 Sleeve has a great deal of funding available for capital projects, and they are considering two different options.
Kate Spade Mallow Dot Midi Dress NWT,
Kuhl Convertible Zip Off Hiking Pants Size 12 Khaki Tan,
Rachel Comey Tenbu Denim Dress sz XS,ATHLETA Heather Gray Serenity Wide Leg Pants sz SFree People Ruby Jacket in Washed Black,
Lululemon Skinny Will Pant Leggings Ziggy Wee September Black Yoga Pants Size 6,
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 Reformation, Izabel Dress Color: Arielle Size: 0,Wolky leather sandals size 11.5,
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.
For Love and Lemons Ross Floral Whimsical Pink Midi Dress Womens XS,
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, the(NEW) Vincenzo Leather Jacket - Small 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 Kendra Scott Rayne gunmetal necklacePrada Braided slingback sandals,
Lululemon Om Pants Fold Over Waistband Cropped Joggers Pant Black Size 4,
Bundle CHOKERS,gameboy micro reserved,Ella Peter Navajo sterling silver necklace,
Womens Birkenstock Arizona Softbed Sandal sz 8/8.5, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.