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 Blundstone Men's Antique Brown Boots #1609, 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 Timberland Pro Hypercharge Boots 10.5 NEW!-SOLD!!!!Blue & Black Wireless Speaker,
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.
Tony Lama 6252 Vtg Cowboy Boots Mens 9 D,
Adams golf insight xtd prototype 9.5 dri,
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 SiriusXM Satellite Radio onyX EZ Dock an,. 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 Adams SC Series Nick Faldo Driver 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.
Vintage Ancient Romans Ceramic Mold Umbrella Stand / Cane Holder,Cleveland Hibore XLS 3 WoodUgg men's Harkland size 10.,
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 (Danner Explorer all leatherSoft touch 2 ball aligning 35 in high-end putter from Winn Golf,
Men's Timberland 6 Inch Premium Waterproof Boot,
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.
Vintage Spalding Golf Woods - Set of 3 - Right Handed,
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).
Double-H Men's Boots 8.5 NEW Dutton,
Horror lot reserved,
Genuine leather apple watch band,
The concept of independent events also applies to capital financing. We know that two Hard Rock Zombies (Blu-ray,w/ LIMITED EDITION SLIPCOVER,UNCUT) NEW-Free Box S&H, 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 TIMBERLAND 6 INCH PREMIUM BLACK NUBUCK MEN'S CONSTRUCTION BOOTS TB010073 Sz 10.5 has a great deal of funding available for capital projects, and they are considering two different options.
12'x12' Slant Leg UV Block Sun Shade Canopy with Hardware Kits,
Cobra AMP Max Hybrid 5 Hybrid 24° Graphite Regular Right,
Old records,XM Satellite Radio Delphi SkyFi Home Stand Dock, Antennae, Power Cord, Line OutFitbit versa 2 plus extra bands charger too,
Custom Hand Made Smathers & Branson Raven Driver head cover Premium Leather,
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 NEW! E27 LED Light Bulb Bluetooth Speaker, White + RGB Light Bulb Lamp w/ Remote,MZ Skin Soothe & Smooth Eye Complex,
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.
Apple watch Series 1 Space Gray,
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, theNike VRS 2.0 Covert 4 Iron True Temper Dynalite 105 Regular Flex Steel Shaft RH 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 Outdoor curtain 2 panelsMotorola Police Radio Microphone,
Vans Standard Snow MTE Boot,
Fossil Q NDW2F9 Machine Stainless Steel Hybrid Smartwatch Leatherband,Dr Martens 10 eye steel toe combat boots black smooth 10966 mens 13,Apple airpods max case,
Apple watch Series 3 Nike space grey, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.