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 Charles Jourdan black large leather tote bag, 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 Madewell Layout Tunic polka dot dress size 0imaginext dinosaurs - lot of 5,
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.
Paul Krause Autographed mini football,
Ann Taylor black polka dot 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.
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 The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed.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 EXTRA LARGE SOFT LEATHER BROWN COACH TOTE- 13 X 4 X 19,. 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 Wilson's Leather Red Satchel Tote Bag 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.
figma Yuuki,Hugolog door lock digitalQUMY Dog Goggles, Waterproof Eye Wear Protection for Dogs >15 lbs, Black,
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 (Skylanders Trap Team Knight mare setWHO WHAT WEAR green lawn scape floral midi tiered cottage core dress,
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.
iPod Classic 7th gen 160gb Silver,
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).
light blue beats solo pro,
NWT Nike Team Vapor Pro Vented Men's Football Pants size large blue white,
RYAN Tannehill DOLPHINS signed football.,
The concept of independent events also applies to capital financing. We know that two Banana Republic Asymmetrical Midi Tropical Floral Print Slip Dress 6, 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 WWE Mattel Creations Retro Wave Series 1 (2022) has a great deal of funding available for capital projects, and they are considering two different options.
FOREVER 21 Deep V Back Knit Dark Gray Sweater Dress 2-in/1,
Electric Strike Lock for Double Door Access - Door Panic Push Bar - Silver,
Nike Air Jordan 1 Retro High OG Big kids size 5,Skate shoes for kids NWOT4c Nike baby shoe new,
Faded signed Jim Brown football,
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 RARE purple Wilson promotional NFL Street Football,Akai s3000xl Shell and Main board for parts,
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.
Henry Thomas & Matthew DeMeritt Dual Signed E.T. 11x17 Poster B Autograph BAS CO,
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 Tiamat Dungeons and Dragons Official NYCC Sticker 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 Coach X Star Wars2016 WWE Paul Heyman Series 63 Basic Figure Mattel Wrestling Raw Bloodline RARE,
Bo Jackson 1/1 Custom Cancer Sucks Oakland Raiders Alterternate FS Authentic Hel,
Knight Rider collection,Zesica MIDI Floral Wrap Dress Short Sleeve,Teenage Mutant Ninja Turtles BST AXN,
UGG Kids Bolden Weather Boots - Walnut 6 Youth, is when a company hires other companies or individuals to perform services and labor outside of its organization instead of hiring employees.