distribution To calculate the covariance and understand its use in finance To compute probabilities from binomial‚ hypergeometric‚ and Poisson distributions How to use the binomial‚ hypergeometric‚ and Poisson distributions to solve business problems Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall Chap 5-2 Definitions Random Variables A random variable represents a possible numerical value from an uncertain event. Discrete random variables produce outcomes that
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Ratio analysis uses a combination of financial or operating data from a company or industry to provide a basis for comparison. Every ratio in the analysis measures a distinctive association that may have an impact on another ration. An auditor use a financial or accounting ratio to evaluate the overall financial condition of a company. Current and prospective stockholders and creditors used ration analysis to gauge viability and future performance of a company. The performance of a company is usually
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Solutions to the long-term contracts in-class questions Practice Question #2 Percentage of completion method a. 2013 2014 2015 2016 Construction costs Incurred to date $ 300‚000 $ 1‚400‚000 $2‚263‚000 $3‚100‚000 Estimated costs to complete 2‚200‚000 1‚400‚000 837‚000 — Total estimated costs $2‚500‚000 $ 2‚800‚000 $3‚100‚000 $3‚100‚000 Percent (%) completed 12% 50% 73% 100% Revenue to date $ 360‚000 $ 1‚500‚000 $ 2‚190‚000 $3‚000‚000 Revenue recognized
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Q.R.1 It is often said that a good theory is one that can be refuted by an empirical‚ data-oriented study. Explain why a theory that cannot be evaluated empirically is not a good theory. Theory‚ whether in economics or sciences‚ helps ones predict and succeed in explaining on what they intend to explain relies on convincing assumptions. However‚ accuracy and validity of theories are important as the more accuracy in the theory‚ the more success in whatever business or science. Hence‚ all theories
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4–4 Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31‚ 2011‚ of $2‚660‚000. Village records indicate that‚ on average‚ 2 percent of taxes levied are not collected. The county tax assessor has assessed the value of taxable property located in the village at $135‚714‚300. Required a. Provide the required adjusting entries at the end of 2011‚ assuming that the December 31‚ 2011‚ balance of Inventory of
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Predicting Your Competitor’s Reaction In order for a company to gain competitive advantage in the consumer/business markets it needs to not only carefully prepare its “plan of action”‚ but also analyze‚ study and predict its competitors reaction to its strategic move. However‚ many companies undermine the importance of such analysis due to its complication in nature. But study shows‚ unlike in chess‚ where you have to predict up to hundreds of combinations that follow each possible move‚ most
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"BBC - Humber - Features - Your Quake Stories." BBC - Homepage. Web. 04 May 2011. . 6. "Savage Earth: Predicting Tsunamis." PBS: Public Broadcasting Service. Web. 04 May 2011. . 7) Satellite usage to predict Tsunamis are also becoming more popular these last few decades. Satellites are the more complex method used currently. The satellite will capture the
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decision made in part (b)? Solve for x: .70x – 200‚000(.30) = 145‚000 .70x – 60‚000 = 145‚000 .70x = 205‚000 205‚000 / .70 = 292‚857‚ Answer: $292‚857 (or $7‚143 lower) 3-26 How many cases of cheese should Jason manufacture each month? I believe that by producing 8 cases of cheese will provide the highest total expected profit‚ of
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and play in an NFL game where they are being cheered for instead of punished. Domestic Violence has been going on for years in the NFL‚ but now it is becoming more of a problem than it was. All these players with assault and domestic violence charges being brought against them‚ Roger Goodell the NFL commissioner announced the league’s new six-game suspension punishment for a first time domestic violence offense‚ and second time offenders will be banned from the NFL for at least a
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Todays NFL is mostly built on violence. The most successful teams brutalize or intimidate their enemies. To the NFL teams it’s all about being the strongest player on the field. Due to most players acting like this it can lead to fines‚ suspensions‚ or even kicked out of the league. I know some people are disagree by saying “It will ruin the fun in the game.”‚ but what is more important‚ safety or entertainment. What i’m going to show you are a few options that could change the safety of our favorite
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