II.
III.
IV.
PROBABILITY - STUDY OUTLINE
Basic Definition . (Simple Events)
We'll expand on this as we proceed thru this outline
A. Pr(x) = nx/nf, where nx= # favorable outcomes (of x)
and nt= # total possible outcomes (of x)
B. 0 g Pr(x) g l (i.e., a pro
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WORKSHEET
PROBABILITY
Counting Formulas
RIDDLE: What happened to the butcher who backed into the meat grinder?
Directions: To find the answer to the riddle, write your answers on the line at the end of each problem below.
The word in the sol
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WORKSHEET - PROBABILITY
We Have To Start Somewhere
RIDDLE: What did the band do when they played Stars and Stripes Forever at the St. Patricks Day Parade?
Directions: To find the answer to the riddle, write your answers on the line at the en
Probability - Bayes Theorem Problem
In Professor Thorntons Statistics Class, it has been duly determined that
about three-fourths of the students will study for the upcoming test on
probability (the remaining one-fourth either know it well, or they just
s
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WORKSHEET: Mean, Median,
Mode and Standard Deviation
RIDDLE: What is the difference between a poor man and a feather bed?
Directions: To find the answer to the riddle, write your answers on the line at the end of each problem below.
The word
Chapter 1
What is Statistics?
True/False Questions
T
F
1. A population is a collection of all individuals, objects, or measurements of interest.
Answer: True Difficulty: Easy Goal: 2
T
F
2. A sample is a portion or part of the population of interest.
Answ
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Name _
BA 203 Probability Tables Problem Ace Corp.
Ace Corporation has a total of 100 employees. They have been cross-tabbed by gender and marital status
in the following table:
Marital Status
Gender
Male
Female
Married
42
18
Not Married
28
12
Answ
Principles of Counting
If the number of possible outcomes in an experiment is small, it is relatively easy to count them.
For example, there are six possible outcomes resulting from the roll of a die, namely
If, however, there are a large number of possib
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BA 203 Homework Probability Hodge Podge (and Bayes Theorem too!)
1. Suppose that statistics compiled by the weather bureau in LA show that it has rained during the
Rose Parade in Pasadena 14 times during the past 70 years. What is the probab
BA 203 Chapter 1 - Review
When business executives set production goals for specific time periods, they are making explicit forecasts about the
demand for their products, the general state of the economy, and the impact of competing products, among other
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BA 203 Homework Probability A Bakers Dozen
1. A multiple guess quiz has five questions, each of which can be marked four different ways.
How many ways can the quiz be marked?
2. How many different sets of officers can be obtained from a set
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BA 203 Homework Probability An Even Dozen
1. Jim Jones and his wife are, respectively, 55 and 50 years old. If the probability that a man aged 55 will live at least
another 15 years is 0.70 and the probability that a woman aged 50 will live
_
Chapter 6 Recruiting
CHAPTER 6
RECRUITING
CHAPTER OVERVIEW
The opening vignette for Chapter 6 is about the Container Stores recruiting approach.
The company combines an employee referral and customer contact strategy with a
focus on retention. Turnover
CHAPTER 19
ADDITIONAL ASSURANCE
AND ACCOUNTING AND
REVIEW SERVICES
OVERVIEW
FOCUS ON SERVICES PERFORMED
AND GENERALIZATIONS ABOUT THE
REPORTS
THOSE INVOLVING HISTORICAL
FINANCIAL INFO HERE. THOSE
INVOLVING OTHER SERVICES AND
REPORTS IN CHAPTER 20
THEME
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
C-V-P
Chapter 9
Break-Even Point and
Cost-Volume-Profit Analysis
PERSPECTIVE
COST-VOLUME-PROFIT IS A PLANNING TOOL
ieSHOULD I OPEN A BUSINESS?
ITS BASED ON COST BEHAVIOR
VARIABLE COSTS
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
SHORT-TERM DECISIONS
Chapter 10
Relevant Information
for Decision Making
DECISIONMAKING
DECISIONS FUNDAMENTALLY INVOLVE
CHOOSING BETWEEN AT LEAST TWO
ALTERNATIVES
WE GENERALLY CHOOSE TH
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
Chapter 3
Predetermined Overhead Rates,
Flexible Budgets, and
Absorption/Variable Costing
O/H PROBLEM 1
DO WE WAIT TIL THE END OF THE
PERIOD TO DETERMINE WHAT OUR
PRODUCT COST US?
REMEM
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
Chapter 6
Process Costing
Types of Costing Systems
Used
to Determine Product Costs
Process
Costing
Job-order
Costing
Many units of a single, homogeneous product
Many units of a single, ho
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
Chapter 5
Job Order Costing
Job Order or Process Costing
Job Order
Small quantities
Batches of
identifiable,
tailor-made
products
User-specific
services
Tracks costs by
job
Job Order or P
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
BA 314
Chapter 2 updated 8th
Cost Terminology and
Cost Behaviors
BACKGROUND
MODERN COST/MANAGERIAL
ACCOUNTING CAME ABOUT BECAUSE OF
THE NEEDS OF MANUFACTURERS
WHAT DOES THE PRODUCT COST
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
A BETTER WAY
Chapter 4
Activity-Based Management and
Activity-Based Costing
ACTIVITY BASED COSTING
E-37
A MORE ACURATE WAY TO COST
PRODUCTS(SERVICES)
OH IS OFTEN LARGER THAN DM+DL COMBI
Cost Accounting
Foundations and Evolutions
Kinney, Prather, Raiborn
Chapter 1
Introduction to Cost Accounting
Two Types of Accounting
Financial
Management
Meet external
information needs
Comply with GAAP
Meet internal
information needs
Does not have t