Different average value of the cost incurred

Assignment Help Business Management
Reference no: EM133183103

Consider a situation where there is a cost that is either incurred or not. It is incurred only if the value of some random input is less than a specified cutoff value. Why might a simulation of this situation give a very different average value of the cost incurred than a deterministic model that treats the random input as fixed at its mean? What does this have to do with the "law of averages"?

Reference no: EM133183103

Questions Cloud

Determine the break-even points under plan a and plan b : Plan A- the company will keep the selling price at the current level and sell the same volume as last year. Determine the break-even points under Plan A
Embrace cultural diversity effectively : Imagine yourself as a Human Resource Manager, what are the strategies that you can implement in order to embrace cultural diversity effectively.
What is software localization : Please help me with these practice questions. take your time. i will give high ratings. use simple words and attach references for my better understanding.
How the hospitality and tourism business works : Write a short essay (min 2 pages - no maximum) discussing how the hospitality and tourism business works based on Ch 15 on Moodle and any other insight you wish
Different average value of the cost incurred : Consider a situation where there is a cost that is either incurred or not. It is incurred only if the value of some random input is less than a specified cutoff
What is the revised cash balance in the books of xavier co : The bank service charge for the month of $88 is included on the bank statement. What is the revised cash balance in the books of Xavier Co
What is the importance of interfaith dialogue : What is the importance of interfaith dialogue and explain some of thee characteristics of New Age spirituality, along with the three traditional types of change
Impact kevin product development : Kevin is looking to launch a product that he has been working on for some time. Kevin is developing a scanner that attaches to a shopping cart, so you can just
Should an investor look to buy or sell palo stocks : The current stock price of the company is $50. Should an investor look to buy or sell Palo's stocks? The dividend paid by Palo remains constant at $5 each year

Reviews

Write a Review

Business Management Questions & Answers

  Recommend an appropriate estimating approach

Provide a brief project scenario (describe the purpose of the project) and recommend an appropriate estimating approach. Provide reasons for why the approach is appropriate for the given situation.

  Company''s communication approach was effective

The company's communication approach to the crisis. Do you feel the company's communication approach was effective?

  Health care impacting organizational change

What are some current trends in health care impacting organizational change?

  Public health preparedness and policy analysis

Analyze the measures your state and local community have in place to prepare hospitals for two (2) different types of threats to public health

  Financial strategy for being competitive in the marketplace

How do you see Porter's five forces affecting your company's financial strategy for being competitive in the marketplace?

  Addressing homeland security concerns

Describe the role of our private sector in addressing Homeland Security concerns.

  Current level of executive compensation

What is your opinion about the current level of executive compensation? If you were a chairman of the compensation board what would you recommendations

  How does the company show corporate social responsibility

How does the company show corporate social responsibility in terms of labor conditions, human rights, fair trade, and the environment?

  Our non-profit organization is starting workshop

Our non-profit organization is starting a workshop for the youth on the weekends and we're requesting these tools.

  Improve at an almost exponential rate

Rewrite ALL of the following sentences so they are more direct and easy to understand.

  Discrimination in the workplace

Women have always been target for discrimination in the workplace. This applies for recruitment as well, as there are many jobs that are perceived to be meant for men rather than women.

  Herfindahl index for domestic production

Suppose the Herfindahl index for domestic production of televisions is 5,000. Does this imply a very competitive or a noncompetitive environment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd