Mutually exclusive is the situation in which only one of two projects designed for the same purpose can be accepted and independent projects is a project whose feasibility can be assessed without consideration of any others.
Independent projects are those which are not related or dependent on any other projects while in mutually exclusive projects if one project is selected other project automatically discards
The NPV and PI both consider the time value of money and result in the same accept or reject decision when considering an independent project. The main difference between the two is that the PI may be useful in determining which projects to accept if funds are limited; however, the PI may lead to incorrect decisions when considering mutually exclusive investments
Mutually exclusive investments means that if you choose to invest in Investment A that you can not invest in Investment B and vice versa. This may be caused by either contractual limitations (i.e. possibly a governmental regulator may forbid a corporation from buying both Company A and Company B) or by a lack of sufficient funds to invest in both (i.e. if you have only $100K to invest and you invest in a $100K bond, you will not have any money left to invest elsewhere).
The main difference between a W-4 and a 1099 form is that a W-4 is used by employees to indicate their tax withholding preferences to their employer, while a 1099 form is used by employers to report income earned by independent contractors or freelancers.
In the process of decision making between mutually exclusive projects any cost which is left due to selection of alternative project is called the opportunity cost. For Example: if a person select project a and have to loss 1000 due to selection of project a, or if person select project b and loss 2000 due to it then project a has an opportunity cost of 1000 while project b has 2000.
Independent projects are those which are not related or dependent on any other projects while in mutually exclusive projects if one project is selected other project automatically discards
A drum is for laser printers, while a cartridge is more for inkjets. They're mutually exclusive.
Independent events are events which are not connected; for example, my choice of food for lunch will have no affect on your choice of a shirt to wear in the morning. Mutually exclusive events are connected. If one happens, the other can't happen. For example, let us say that you are flying an airplane and you have a choice of airports at which you can land. If you land at one airport, you will therefore not land at the other airport, because you can land at only one airport at a time (although you can still land at other airports in the future). At a given time, the events of landing at airport A and landing at airport B are mutually exclusive.
To find the probability of a compound event, you can use the addition rule and the multiplication rule, depending on whether the events are mutually exclusive or independent. For mutually exclusive events, you add their individual probabilities. For independent events, you multiply their probabilities together. If the event involves both types, you may need to combine these rules accordingly. Always ensure to account for any overlaps or dependencies between the events.
difference between inclusive and exclusive class interval
A situation that requires a choice between options that are or seem equally unfavorable or mutually exclusive.
"Being good at sports" refers to having physical talent and skill in athletic pursuits, while "being a good sport" refers to playing fair, being a team player, and being gracious whether you've won or lost. The meanings are independent but not mutually exclusive!
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
The NPV and PI both consider the time value of money and result in the same accept or reject decision when considering an independent project. The main difference between the two is that the PI may be useful in determining which projects to accept if funds are limited; however, the PI may lead to incorrect decisions when considering mutually exclusive investments
What is the difference between dependant and independent events in terms of probability
What is the difference between an independent co-executor and a co-executor
data classification in statistics