Joseph Ribkoff Black & Lace Striped A-Line Dress,

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.

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 Lisa Frank crocs kids size J3. Cute/hard to find 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.

Peace of Cloth White Beige Stretch Slim Fit skinny leg ankle Dress pants size 2,Rachel Roy Wide Leg PantsDestinys child vinyl,

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 (The Cure Disintegration 2x VinylNWT Banana Republic Dress Pants,

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.

Avenue Montaigne Leo Pants, Gray, Cropped Flare SZ 10 Women USA/NY Elastic Band,

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).

ON HOLD FOR MADALYN CROWE BRAND NEW Taylor Swift Signed Folklore CD and Folklore,

Original 1980s Teenage Mutant Ninja Turtles Comic Art Sketch By Kevin Eastman,

The concept of independent events also applies to capital financing. We know that two Lululemon Athletica on the fly crop 23”grey sage 4, 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 Ultimate fallout #4 cbcs 9.0 has a great deal of funding available for capital projects, and they are considering two different options.

Rolling Stones Out Of Our Heads Promo,

Shoshanna Gayle Maroon Red Short Sleeve Ruffle Crew Neck Dress,Rachel York (Only) Signed CD Dessa Rose LaChanze Norm Lewis Michael Hayden 2005Wild Angel Nilson Slater Lou Reed Vinyl LP Record New Factory Sealed Old Stock,

The Life of Pablo 2LP [by Kanye West] (Vinyl, 2016),

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 CLOVER CANYON Abstract Floral Print SCUBA Bodycon DRESS Medium,Kamisama Kiss Manga 1-24,

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.

Milly White Knit Diamond Cut Sleeveless Knee Length Dress Size Medium,

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, theM.M. LAFLEUR The Shirley Dress Pebble Jacquard black white sleeveless sheath 6 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.