A double replacment is a way of forming a new homogenous mixture. Generally double-replacement reactions involve the exchange of positive ions between two reacting compounds. Typically the compounds are in aqueous solution and are often characterized by the production of a precipitate. Explained: When dealing with two ionic compounds dissolved in water to form a homogenous mixture, there are two possiblities when they are mixed togeather. *They form a new homogenous mixture *A chemical reaction will occur,