Question
In: Statistics and Probability
What does mutually exclusive mean?
What does mutually exclusive mean? Give details with example.
Solutions
Expert Solution
It means that one thing can not happen together with another thing.
It's always an EITHER...OR thing, but never both.
If you flip a coin, you get EITHER heads OR tails.
If you select 4 different numbers out of 10, and you've selected your first number, you cannot select that number again.
In formula: 1st number 10 choices, 2nd number 9 choices, etc., or
Choosing 4 out of 10:
10⋅9⋅8⋅7 possibilities.
(if you could choose the same number again it would be 10⁴
It means that one thing can not happen together with another thing.
khuku guchhait answered 2 years agoRelated Solutions
what does it mean for three events be mutually exclusive
what does it mean for three events be mutually
exclusive
What does it mean for projects to be mutually exclusive? How should managers rank mutually exclusive...
What does it mean for projects to be mutually exclusive? How
should managers rank
mutually exclusive projects?
1. If A and B are mutually exclusive events, does it follow that An and B...
1. If A and B are mutually exclusive events, does it follow that
An and B cannot be independent events ? Give an example to
demonstrate your answer. For example, discuss an election where
only one person can win. Let A be the event that party A’s
candidate wins, let B be the event that party B’s candidate wins.
Does the outcome of one event determine the outcome of the other
event ? Are A and B mutually exclusive events...
What do the term mutually exclusive and independent in capital budgeting mean? Distinguish between transactional and...
What do the term mutually exclusive and independent in capital
budgeting mean?
Distinguish between transactional and informational market
efficiency.
What are derivatives?
What will the probability always be of events occurring that are mutually exclusive? What are the...
What will the probability always be of events
occurring that are mutually exclusive?
What are the different types of probability
distribution and what are their characteristics?
among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive...
among mutually exclusive investments Pound Industries is
attempting to select the best of three mutually exclusive projects.
The initial investment and after-tax cash inflows associated with
these projects are shown in the following table.
Cash flows
Project A
Project B
Project C
Initial investment (CF)
$120 comma 000120,000
$170 comma 000170,000
$170 comma 000170,000
Cash inflows (CF),
tequals=1
to 5
$40 comma 00040,000
$51 comma 50051,500
$53 comma 00053,000
a. Calculate the payback period for each project.
b. Calculate the...
what is the difference between mutually exclusive, independent and conditional probabilities?
what is the difference between mutually exclusive, independent
and conditional probabilities?
(Mutually exclusive projects and NPV) You have been assigned the task of evaluating two mutually exclusive...
(Mutually exclusive projects and NPV) You have been assigned
the task of evaluating two mutually exclusive projects with the
following projected cash flows: If the appropriate discount rate
on these projects is 11 percent, which would be chosen and why?
What is the NPV of project A? $ nothing (Round to the nearest
cent.) What is the NPV of project B? $ (Round to the nearest
cent.) Which project would be chosen and why? (Select the best
choice.) A....
(Mutually exclusive projects and NPV) You have been assigned the task of evaluating two mutually exclusive...
(Mutually exclusive projects and NPV)
You have been assigned the task of evaluating two mutually
exclusive projects with the following projected cash flows:
YEAR
PROJECT A
CASH FLOW
PROJECT B
CASH FLOW
0
−$110,000
−$110,000
1
30,000
0
2
30,000
0
3
30,000
0
4
30,000
0
5
30,000
220,000
(Click
on the icon located on the top-right corner of the data table
above in order to copy its contents into a
spreadsheet.)
If the appropriate discount rate on these...
IRRlong dash—Mutually exclusive projects Bell Manufacturing is attempting to choose the better of two mutually exclusive...
IRRlong dash—Mutually
exclusive projects Bell Manufacturing is attempting to choose
the better of two mutually exclusive projects for expanding the
firm's warehouse capacity. The relevant cash flows for the projects
are shown in the following table:
LOADING...
. The firm's cost of capital is
1313 %.
a. Calculate the IRR for each of the projects. Assess the
acceptability of each project on the basis of the IRRs.
b. Which project is preferred?
Project X
Project Y
Initial investment
(CF 0CF0)...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Problem 21-5 Statement of cash flows; direct method [LO21-3, 21-8] Comparative balance sheets for 2018 and...
- “When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when...
- Will network neutrality be destroyed in the future?
- Create a course syllabus for a mandatory ethics course for parents who want their children to...
- How to obtain the accumulated depreciate - Training equipment = $34,100? How to balance the adjusted...
- Suppose your company needs $17 million to build a new assembly line. Your target debt−equity ratio...
- Discuss the advantages and disadvantages of operating and financial leverage.
ADVERTISEMENT