968 WordsFeb 16, 20144 Pages

Question 1
2 out of 2 points Fixed cost is the difference between total cost and total variable cost. Answer Selected Answer: True
Correct Answer: True 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
2 out of 2 points 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 4
2 out of 2 points Probabilistic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: False
Correct Answer: False Question 5
0 out of 2 points 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 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 7
2 out of 2 points A binomial probability distribution indicates the probability of r successes in n trials. Answer Selected Answer: True
Correct Answer: True Question 8
2 out of 2 points EKA manufacturing company produces Part # 2206 for the aerospace industry. Each unit of part # 2206 is sold for $15. The unit production cost of part # 2206 is $3. The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?
Answer
Selected Answer:
250
Correct Answer:
250
Question 9
0 out of 2 points A university is planning a seminar. It costs $3000 to reserve a room, hire an

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