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Is variable cost a relevant cost?

No. If a variable cost does not differ between alternatives than it is irrelevant.


What are system variable in management information system?

is quantity or item controlled by the decision maker.


Definition for decision models and decision variables?

Decision variables are the variables within a model that one can control. They are not random variables. For example, a decision variable might be: whether to vaccinate a population (TRUE or FALSE); the amount of budget to spend (a continuous variable between some minimum and maximum); or how many cars to have in a car pool (a discrete variable between some minimum and maximum).


What do indepedent variable mean?

Independent variable is the variable that you change in an experiment.


What does depemdent variable mean in science?

a variable that depend on the independent variable


Limitation of expected value in decision making?

Expected value of a random variable requires that the random variable can be repeated in experiment indefinitely. If the random variable can only be repeated finite times, e.g. once, there is an inadequacy of the expected value principle for a decision maker.


What are the properties of z in a normal distribution?

Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.


What does es variable mean in spanish?

it's variable


What does idependent variable mean?

a variable that has changed in an experiment


What is a standardizing variable?

a standardizing variable is a variable that has a mean of zero and a standard deviation of one .


What does it mean to define a variable?

State what the variable represents in the equation.


What does variable mean mathematically?

=having nature or characteristics of a variable=