Question 1 .5 out of 5 points The __________ is the maximum value that one would be willing to pay for additional information Answer Selected Answer: expected value of perfect information . Question 2 .0 out of 5 points The credit scores of a certain population are approximately normally distributed with a mean of 645 points and a standard deviation of 65 points. The credit score of an individual should belong to the top 5% of the credit scores in order to qualify for a home loan
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2-Variable Inequality Here is an example of a problem very similar to the one in the Week Three Assignment: Catskills Hammock Company can obtain at most 2000 yards of striped canvas for making its full size and chair size hammocks. A full size hammock requires 10 yards of canvas and the chair size requires 5 yards of canvas. Write an inequality that limits the number of striped hammocks of each type which can be made. (b) First I must define what variables I will be using in my inequality
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Difference between Variable & Absorption Costing When it comes to managerial accounting‚ the way that information is presented can affect decision-making for a business. In a manufacturing environment‚ companies can use absorption costing or variable costing when accounting for the costs of products produced. While these methods are similar‚ they have some key differences that can impact the company. Absorption Costing * Absorption costing‚ also known as full costing is a method by
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Extraneous Variables There are many extraneous factors and situations that could affect our research; such as‚ biological factors‚ family issues‚ marital problems‚ transportation‚ insurance issues‚ how often participants choose to show up to their therapy session‚ etc. While extraneous factors and situations are bound to happen‚ we can not account for all of them as they will be happening as the research progresses and are out of our control. Qualitative Design We will observe two themes throughout
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Two-Variable Inequalities Kathleen Kent MAT 222 Week 2 Assignment Guillermo Alvarez September 22‚ 2014 Two-Variable Inequalities This week’s assignment will show how two-variable inequalities can be used in real-world scenarios by using independent and dependent variables. This week’s assignment will use graph representations and show how the two-variable inequalities can be incorporated into several problems to show how many of each item trucks can ship without going over
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The Case of the Variable Laminates The Case of the Variable Laminates Grantham University Experimental design is “a formal plan that details the specifics for conducting an experiment‚ such as which responses‚ factors‚ levels‚ blocks‚ treatments‚ and tools are to be used” (Sower 2010). An experiment where one variable is studied while the other variables are held constant can be inefficient and suffers from the inability to assess interactions among the variables as well as the interaction
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volume with regard to inpatient days‚ number of emergency visits‚ number of unforeseen complications‚ number of additional unaccounted for testing procedures and so on. The many costs incurred by the healthcare organization can be classified as variable‚ fixed‚ or semi-fixed costs. Understanding the appropriate classification of these cost ’s behaviors serves management through providing specific process and product information necessary for a successful operation. The primary reason for defining
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every part of our lives and everyday items have a great number of variable social‚ economic‚ cultural and symbolic meanings to different individuals. In our discussion group we see how simple everyday items such as cups‚ purses‚ pop cans‚ keys‚ cell phones and other items evoke different associations and meanings for individuals. There are a wide variety of other items that were also discussed and students shared their perspective about the meanings of these items as well. A summary of student perspectives
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Modelling 2 Week 3: Discrete Random Variables Stephen Bush Department of Mathematical Sciences MM2: Statistics - Week 3 - 1 Random Variables • Reference: Devore § 3.1 – 3.5 • Definitions: • An experiment is any process of obtaining one outcome where the outcome is uncertain. • A random variable is a numerical variable whose value can change from one replicate of the experiment to another. • Sample means and sample standard deviations are random variables • They are different from sample
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version of the firm’s DC6900 minicomputer product line-the DC6900-X minicomputer. The DC6900-X would sell for $ 3900‚ 3 with unit variable costs of $ 1‚800. Projections made by an independent marketing research firm indicate that the DC6900-X 4 would achieve a sales volume of 500‚000 units next year‚ in its first year of commercialization. One-half of the first year’s 5 volume would come from competitors minicomputers and market growth. However‚ a consumer research study
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