All categories

1 year ago

If we have eight decisions to make and 3 choices for each decision, how can we represent the number of potential outcomes

Business

1 answer:

AveGali [126]1 year ago

3 0

We can represent the number of potential outcomes by 3 to the power 8.

<h3>What is permutation and combination?</h3>

Permutation relates to the act of arranging all the members of a set into some sequence or order.

We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,

Representation of the potential outcomes are:

= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1

= 3^8

= 6,561

Learn more about permutation and combination here: brainly.com/question/21014199

#SPJ1

You might be interested in

A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 â€“ 10Q

Karolina [17]

Answer:

Explanation:

According to the question, The computation of the quantity produce is shown below:

Here we use the differentiation LRAC to zero

$\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50$

From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50

Hence, the first option is correct

5 0

2 years ago

Presented below are incomplete manufacturing cost data.

Usimov [2.4K]

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

 Direct materials Direct labor Factory Total

 overhead manufacturing costs 

1. $44,000 $62,200 $51,100 $157,300

2. $78,500 $77,500 $144,000 $300,000

3. $58,600 $138,400 $114,000 $311,000

Now

Total Manufacturing Costs Beg. Work End. Work Cost of Goods

in Process in Process Manufactured

1. $157,300 $122,000 $85,200 $194,100

2. $300,000 $123,400 $99,800 $323,600

3. $311,000 $465,000 $57,000 $719,000

4 0

3 years ago

Multi-product branding is:_______.

Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

The merits and advantages of Multi-product branding is high brand awareness, low promotional and advertising costs, and brand equity return.

8 0

3 years ago

Which of the following is included in the normal journal entry to record the collection of accounts receivable previously writte

dlinn [17]

Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

To record the collection of accounts receivable previously written off when using the allowance method, the first step is to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.

The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

8 0

3 years ago

Owning your own business allows you the freedom to A. enjoy more free time. B. bypass some laws and restrictions of the region i

7nadin3 [17]

D:determine your own working hours. looks like the only logical one.

6 0

3 years ago