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
Answer:
The opportunity cost of each pipe and what is the sunk cost is $77 and $67 per pipe respectively.
Explanation:
Opportunity cost: The opportunity cost is that cost which is incurred to choose the best options with the available options.
Sunk cost: The sunk cost is that cost which is not recovered in the future. Its other name is the past cost. It does not help to make future decisions as if it is incurred then it cannot be recovered again
So, the opportunity would be the current price i.e $77
And, the sunk cost is $67 per pipe ($77 - $10)
Answer:
B. A partnership may use federal income tax rules to account for transactions in their journals and ledger accounts.
Explanation:
There is a lot of difference in accounting of normal partnership firms and that of non profit organisations.
Simply a partnership firm cannot be formed as a non profit entity.
A partnership can use any federal laws in compliance and do accounting entries in accordance with them.
The partnership equity section only contains partner's capital account as there are no retained earnings section.
Partnership's do not pay dividend, and if it does it is not limited to money.
Answer: maximize return on investment
Explanation:
Linear programming is an optimization technique that is used for a system of linear constraints and an objective function that helps in defining the quantity that is to be optimized.
It is used for sure solving complex problems in businesss whereby deciding of the quantities f variables to use in achieving profit maximization or cost minimization is difficult.
Therefore, linear programming approach is usually used by managers involved in portfolio selection to maximize return on investment.
