Events are considered to be mutually exclusive when they cannot happen at the same time. ... If considering mutually exclusive options, a company must weigh the opportunity cost, or what it would be giving up by choosing each option.

What does it mean when people are mutually exclusive?

If two things are mutually exclusive, they are separate and very different from each other, so that it is impossible for them to exist or happen together.

What is an example of mutually exclusive?

Mutually exclusive events are events that can not happen at the same time. Examples include: right and left hand turns, even and odd numbers on a die, winning and losing a game, or running and walking. Non-mutually exclusive events are events that can happen at the same time.