Part B: Week 3 or 4 Exercise 5.1. Now what is the expected value and variance of Y=5X-3 for each distribution? (Hint: Use the ‘Summary of the Laws of Expected Value and Variance’ slide in the lecture notes.) Exercise 5.3. Now assume the manager receives a daily salary of $200 plus $85 per car sold. What is the expected value and standard deviation of her salary? (Hint: Use the ‘Summary of the Laws of Expected Value and Variance’ slide in the lecture notes.) Exercise 5.4. Now assume the company managing
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questions. REQUIRED: You are to prepare yourself for the audit by writing down your answers to the following questions: 1. What are the club’s main sources of income? The Western Cape Soccer Club would have a few income accounts to counter the expenses of the club. Most not too different from any type of club you would be able to find. i. Firstly would be Membership fees. This should be the biggest source of income for any club and is a good indicator to show how well your business is doing and
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Five Reasons Not to Join the Peace Corps Many travelers have considered—even just for a moment—joining Peace Corps. The allure of two years abroad and the chance to integrate into new and exciting cultures has tempted some 200‚000 volunteers into a life of service in 139 different countries. Whether it’s a post-college move or a mid-career shift‚ Peace Corps provides a unique way to experience places in a way no typical trip allows. Sure‚ a sense of adventure and a bit of independence are requirements
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budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves
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Ignorance: The One Thing More Expensive Than College Although a good education for all Americans is essential for individual success and national economy‚ the truth is it has become increasingly expensive and doesn’t even guarantee a job after graduation. What exactly qualifies as a “good education?” Most people associate higher education with good education. Every year students will have to pay 3-4% more over inflation due to available subsidized loans and increased aid (McArdle). This
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organisation uses budgets to control the costs for a limit of period by equating what was spent during that time to the master budget. This benefits B.A as they would be observing all their expenses and returns which prevent them from surpassing their budgets. This business uses budgets because it is a valuable tool when evaluating B.A performance and value of their budget. Budgeting is beneficial to B.A as it helps them with planning orientation such as it helps to create a budget plan where it can
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Problem 1: Travel Expenses Problem Description: Write a C++ program that calculates and displays the total travel expenses of a business trip. The user must provide the following information: * Number of days spent on the trip. * The departure on the first day of the trip‚ and the time of arrival back home on the last day of the trip. The departure and arrival time must be entered in 12h or 24h formats. Your program should consider AM and PM. * The amount of meals eaten The company
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Kelly E. Guerrero Ms. Hirsch Eng 101 29 March 2011 Five Reasons Why People Bully To understand bullying‚ we must look at causes that create bullies. These elemental reasons can act as catalysts upon the right person and create a problematic member of society. Bullies‚ as we have come to know the term‚ are capable of inflicting the same elements of damage on their victims that leads to a continuance of the problem. According to Jan Faull of the Seattle Times‚ it is an aggressive act where
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controllable expense. Advertising budgets are the means of determining and controlling this expense and dividing it wisely among departments‚ product lines or services. This fact sheet describes various methods of establishing an advertising budget‚ and suggests ways of applying budget amounts to get the desired outcome. If Vodafone want to increase sales‚ it is almost certain that they will need to advertise. How much should they spend? How should they allocate their advertising budget? How can they
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Budget Definition: An estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. One of the most important administrative tools‚ a budget serves also as a (1) plan of action for achieving quantified objectives‚ (2) standard for measuring performance‚ and (3) device for coping with foreseeable adverse situation. What is a budget and why is it important? Simply put‚ a budget is an itemized summary of likely income and expenses
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