MAT 540 wk 1
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MAT 540 wk 1

Course Number: BUS 640, Fall 2012

College/University: Ashford University

Word Count: 857

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Question 1 1. If variable costs increase, but price and fixed costs are held constant, the break even point will decrease. Answer True False 2 points Question 2 1. Fixed cost is the difference between total cost and total variable cost. Answer True False 2 points Question 3 1. Probabilistic techniques assume that no uncertainty exists in model parameters. Answer True False 2 points Question 4 1. In general, an...

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Question 1 1. If variable costs increase, but price and fixed costs are held constant, the break even point will decrease. Answer True False 2 points Question 2 1. Fixed cost is the difference between total cost and total variable cost. Answer True False 2 points Question 3 1. Probabilistic techniques assume that no uncertainty exists in model parameters. Answer True False 2 points Question 4 1. In general, an increase in price increases the break even point if all costs are held constant. Answer True False 2 points Question 5 1. A binomial probability distribution indicates the probability of r successes in n trials. Answer True False 2 points Question 6 1. If events A and B are independent, then P(A|B) = P(B|A).
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