Two events are NOT mutually exclusive; Breakeven point
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If two events are NOT mutually exclusive, then
- their probabilities can be added.
- they may also be collectively exhaustive.
- they cannot have a joint probability.
- the list of outcomes includes every possible outcome.
What is the formula for the break-even point of a simple profit model?
- Fixed Cost / Variable Cost Per Unit
- (Selling Price Per Unit -Variable Cost Per Unit) / Fixed Cost
- Fixed Cost / (Selling Price Per Unit -Variable Cost Per Unit)
- Fixed Cost / (Variable Cost Per Unit - Selling Price.
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