MAT 540 Essay Example
Question 1 .2 out of 2 points
Correct Fixed cost is the difference between total cost and total variable cost. Answer
Selected Answer: True
Correct Answer: True . Question 2 .0 out of 2 points Incorrect If variable costs increase, but price and fixed costs are held constant, the break even point will decrease. Answer
Selected Answer: True
Correct Answer: False . Question 3 .2 out of 2 points Correct Probabilistic techniques assume that no uncertainty exists in model parameters. Answer
Selected Answer: False
Correct Answer: False . Question 4 .2 out of 2 points Correct In general, an increase in price increases the break even point if all costs are held constant. Answer
Selected Answer: False
Correct Answer: False . Question 5 .0 out of 2 points Incorrect If events A and B are independent, then P(A|B) = P(B|A). Answer
Selected Answer: True
Correct Answer: False . Question 6 .2 out of 2 points Correct A continuous random variable may assume only integer values within a given interval.
Answer
Selected Answer: False
Correct Answer: False . Question 7 .2 out of 2 points Correct P(A | B) is the probability of event A, if we already know that event B has occurred. Answer
Selected Answer: True
Correct Answer: True . Question 8 .2 out of 2 points Correct A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $4200 per month and the revenue they receive from each booked room is $180. What their variable cost per occupied room?
Answer
Selected Answer: $40
Correct Answer: $40 . Question 9 .2 out of 2 points Correct The indicator that results in total revenues being equal to total cost is called the
Answer
Selected Answer: break-even point
Correct Answer: break-even point . Question 10 .2 out of 2 points Correct A
Correct Fixed cost is the difference between total cost and total variable cost. Answer
Selected Answer: True
Correct Answer: True . Question 2 .0 out of 2 points Incorrect If variable costs increase, but price and fixed costs are held constant, the break even point will decrease. Answer
Selected Answer: True
Correct Answer: False . Question 3 .2 out of 2 points Correct Probabilistic techniques assume that no uncertainty exists in model parameters. Answer
Selected Answer: False
Correct Answer: False . Question 4 .2 out of 2 points Correct In general, an increase in price increases the break even point if all costs are held constant. Answer
Selected Answer: False
Correct Answer: False . Question 5 .0 out of 2 points Incorrect If events A and B are independent, then P(A|B) = P(B|A). Answer
Selected Answer: True
Correct Answer: False . Question 6 .2 out of 2 points Correct A continuous random variable may assume only integer values within a given interval.
Answer
Selected Answer: False
Correct Answer: False . Question 7 .2 out of 2 points Correct P(A | B) is the probability of event A, if we already know that event B has occurred. Answer
Selected Answer: True
Correct Answer: True . Question 8 .2 out of 2 points Correct A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $4200 per month and the revenue they receive from each booked room is $180. What their variable cost per occupied room?
Answer
Selected Answer: $40
Correct Answer: $40 . Question 9 .2 out of 2 points Correct The indicator that results in total revenues being equal to total cost is called the
Answer
Selected Answer: break-even point
Correct Answer: break-even point . Question 10 .2 out of 2 points Correct A