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Mutually Exclusive: Are Compared Against Each Other Only One Can Be Selected
Mutually Exclusive: Are Compared Against Each Other Only One Can Be Selected
Independent
Are compared only against do-nothing
More than one can be selected
Are compared against each other
Only one can be selected
For the alternatives shown below, which should be selected
if they are (a) Mutually exclusive, and (b) Independent
Project ID
Present Worth
A $30,000
B $12,500
C -$4,000
D $2,000
Solution:
(a) Select project A
(b) Select projects A, B, & D