Quiz 2 Chapters 4 & 5__TEAM A week 5________________________ 1) Use the standard normal distribution to find P(-2.25 < z < 1.25). A) .0122 B) .8821 C) .8944 D) .4878 P(-2.25 < z < 1.25) = F(1.25) - (1 - F(2.25)) = 0.89435 - (1 - 0.987776) = 0.882126 2) Before a new phone system was installed‚ the amount a company spent on personal calls followed a normal distribution with an average of $ 900 per month and a standard deviation of $50 per month. Refer to such expenses as PCE’s (personal call
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usually coefficients of variables in equations. Answer True False 2 points =T Question 2 . In general‚ an increase in price increases the break even point if all costs are held constant. . Answer True False 2 points =F Question 3 . Fixed cost is the difference between total cost and total variable cost. . Answer True False 2 points =T Question 4 . Probabilistic techniques assume that no uncertainty exists in model parameters. . Answer True False
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CLICK TO DOWNLOAD MAT 540 Week 2 Quiz Question 1 If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Question 2 Parameters are known‚ constant values that are usually coefficients of variables in equations. Question 3 Probabilistic techniques assume that no uncertainty exists in model parameters. Question 4 In general‚ an increase in price increases the break even point if all costs are held constant. Question 5 P(A | B) is the
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discussion of NPV and IRR. How does the lifetime income compare to the initial investment? 5 points 2. What are at least three risk factors that Heru should be considering in evaluating the project? What types of risk do they represent? 5 points 3. Is there one scenario or input that has more impact on the forecast than others? 5 points 4. Which scenario is a better financial decision for the company based on the information in the case; pay a higher opening cost and lower operating expenses
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Answer: False . Question 2 .2 out of 2 points In a balanced transportation model‚ supply equals demand such that all constraints can be treated as equalities. Answer Selected Answer: True Correct Answer: True . Question 3 .2 out of 2 points In a transportation problem‚ a demand constraint (the amount of product demanded at a given destination) is a less-than-or equal-to constraint (≤). Answer Selected Answer: False Correct Answer: False . Question
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If exactly 3 projects are to be selected from a set of 5 projects‚ this would be written as 3 separate constraints in an integer program. Answer Selected Answer: False Correct Answer: False . Question 2 2 out of 2 points Rounding non-integer solution values up to the nearest integer value will result in an infeasible solution to an integer linear programming problem. Answer Selected Answer: False Correct Answer: False . Question 3 2 out of 2 points
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False Correct Answer: False • Question 2 2 out of 2 points Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer Selected Answer: True Correct Answer: True • Question 3 0 out of 2 points Fixed cost is the difference between total cost and total variable cost. Answer Selected Answer: False Correct Answer: True • Question 4 2 out of 2 points In general‚ an increase in price increases
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SYDNEY INSTITUTE OF BUSINESS AND TECHNOLOGY ACST101 TECHNIQUES AND ELEMENTS OF FINANCE REVISION - LECTURES 1‚ 2 & 3 Sample Class Test 1 Instructions: For Questions 1‚ 2 and 4 write your answer in the space provided. For Question 3 all working must be shown. Total marks for the test = 10. Time: 50 minutes writing time (no reading time) Question 1 (2 Marks ) (i) Vincent invested a sum of $5‚000 in a bank account earning 5½% p.a simple interest on 1 September 2003. On what date will Vincent’s bank
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False Question 2 2 out of 2 points If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Answer Selected Answer: False Correct Answer: False Question 3 2 out of 2 points Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer Selected Answer: True Correct Answer: True Question 4 2 out of 2 points Probabilistic techniques
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Week 1 quiz Week 1‚ Quiz 1 Points Received 40/40 (100%) 1. Total cost equal the fixed cost plus the variable cost per unit divided by volume • True • False 2. Objective probabilities that can be stated prior to the occurrence of an event are • Subjective • A priori • Classical or a priori • None of the above 3. An experiment is an activity that results in one of several possible outcomes. • True
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