MAT 540 QUIZ 1 - MAT 540 QUIZ 1 Question 1 2 out of 2...

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MAT 540 QUIZ 1 Question 1 2 out of 2 points Fixed cost is the difference between total cost and total variable cost.
Question 2 2 out of 2 points Probabilistic techniques assume that no uncertainty exists in model parameters.
Question 3 2 out of 2 points In general, an increase in price increases the break even point if all costs are held constant.
Question 4 2 out of 2 points Parameters are known, constant values that are usually coefficients of variables in equations.
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.
Answer: e Question 6 2 out of 2 points A continuous random variable may assume only integer values within a given interval.

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