Answer:
A decision under uncertainty is a decisional problem.
Answer:
6,000
Explanation:
The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability
DATA
Strong = 30,000 , probability = 30%
Moderate = 10,000 , probability = 60%
Weak = -30,000 , probability = 10%
Calculation
Expected profit = Values x Probability
Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)
Expected profit = 6,000 + 6,000 -6,000
Expected profit = 6,000
Answer:
A career is like a "building block" and a job is like "castle or a tower"
Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.
Answer:
Total product cost= $181,000
Explanation:
<u>The product cost is the sum of the direct material, direct labor, and manufacturing overhead:</u>
Direct materials $ 70,000
Direct labor $ 37,000
Variable manufacturing overhead $ 12,000
Fixed manufacturing overhead $ 25,000
Total manufacturing overhead $ 37,000
Total product cost= $181,000
