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Alik [6]
3 years ago
14

Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme

nt
Business
1 answer:
Ksivusya [100]3 years ago
5 0

Answer:

Beta distribution

Explanation:

Beta distribution In probability theory

is regarded as a part of continuous probability distributions with a defined interval which could be 0 and 1, and it is characterized with two positive parameters (α and β) which is seen as

as exponents of the random variable .

It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management

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Juniper Enterprises sells handmade clocks. Its variable cost per clock is $16.80, and each clock sells for $28. Calculate Junipe
Soloha48 [4]

Answer:

For Juniper Enterprises to breakeven it must sell 607 units

Explanation:

To break-even means making sales where the proceeds from sales transactions equal the amount of total costs incurred,hence no gain no loss situation.

Break-even point in units=fixed cost/contribution per unit

fixed costs incurred is $8,400

contribution per unit=selling price per unit -variable cost per unit

selling price is $28

variable cost is $16.80

contribution per unit=$28-$16.80=$11.2 0

break-even in units =$6,800/$11.2 0=607 units

8 0
3 years ago
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consi
erastovalidia [21]

Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

8 0
3 years ago
Select all that apply. Select the items that describe what happens at the equilibrium price. Producers supply the exact goods th
malfutka [58]
Answers are: 
<span>Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
</span><span>Producers use their resources efficiently

At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.

The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason. </span>
5 0
4 years ago
Chevrolet runs a promotion whereby consumers can redeem two free ski lift tickets at their local dealer through a test-drive pro
mixas84 [53]

Answer:

feedback

Explanation:

Based on the scenario being described within the question it can be said that the individuals that test-drive the vehicles are the feedback. In the communication method this refers to the audiences response that allows "you" as a company to evaluate the effectiveness of your message, product, or promotion. Which in this specific scenario the people that test-drive the car allow you to understand what they like and dislike about the cars in order to improve on it and sell more.

7 0
3 years ago
An economy is operating with output $200 billion its natulal rate,and fiscal policymakers want to close this recessionary gap..T
Phoenix [80]

Answer:

it is all describred in the pic

Explanation:

6 0
3 years ago
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