 Question 1

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Question 1 2 out of 2 points Parameters are known, constant values that are usually coefficients of variables in  equations.
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.   
Question 3 2 out of 2 points Fixed cost is the difference between total cost and total variable cost.   
Question 4 2 out of 2 points In general, an increase in price increases the break even point if all costs are held  constant.   
Selected  Answer:  False Correct Answer:  False Question 5 2 out of 2 points P(A | B) is the probability of event A, if we already know that event B has occurred.    
Question 6 2 out of 2 points A binomial probability distribution indicates the probability of r successes in n trials.   

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