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The expected value of perfect information is equal to what?
Minimum Expected Regret ( EVPI = Expected Regret of the best solution)
Is the expected value the same as the standard deviation?
No. The expected value is the mean!
What is the meaning of expected value in a probability distribution?
The expected value is the average of a probability distribution. It is the value that can be expected to occur on the average, in the long run.
What is an example of a problem whose expected value is equal to 5000?
The expected value of the number of Heads in 1 toss of a fair coin is 0.5. So the expected number of Heads in 10000 tosses of a fair coin is ... 5000!
Can expected value be negative?
yes
If a department makes a profit of 30 percent on a turnover of 85000 what percentage profit can be expected if overheads increase by 10000 but other factors remain unchanged?
18%
Other things being changed and unchanged a jump in crime rates is expected to have what?
A jump in crime rates is expected to have an effect on property prices
What is meant by the terms under-absorption and over-absorption of fixed overheads how they arise and how they are calculated?
Over or Under AbsorptionNote that as long as planned level of activity and the actual level of activity is not the same there is always an Over or Under Absorption situationThis is because overhead absorption rate is set at the start of the period based upon an expected level of production and that during the period, the level of output and or overheads will be different from the planned overheads and or output.OVER-absorption occurs when the total overhead recovered or absorbed is GREATER than the actual level of overheads for the period.UNDER-absorption occurs when the total overheads recovered or absorbed is LESS than the actual overheads incurred in the period.
How do you identify under and over absorption?
Over or Under AbsorptionNote that as long as planned level of activity and the actual level of activity is not the same there is always an Over or Under Absorption situationThis is because overhead absorption rate is set at the start of the period based upon an expected level of production and that during the period, the level of output and or overheads will be different from the planned overheads and or output.OVER-absorption occurs when the total overhead recovered or absorbed is GREATER than the actual level of overheads for the period.UNDER-absorption occurs when the total overheads recovered or absorbed is LESS than the actual overheads incurred in the period.
What is based price method?
Under cost based pricing method ,costs incurred in producing , & distributing the product is identified as direct costs & indirect costs . All the direct costs are calculated on goods sold (called prime costs) & added with indirect fixed & variable production overheads, administrative overheads, & selling & distribution overheads. when total cost of sales is arrived, a certain percentage of profits (depending on economic condition of customers , competitive factors , subsidies available , & return on investment expected ) is charged on total cost of sales. If subsidies fro government is available per unit of product it will be set-off against total cost to base profit percentage on net cost.
Hotel department What kind of hospitality is expected for western coustomers by administration?
hospitality is expected for westren customers by administration?
According to the Department of Energy are energy prices expected to increase in 2014?
According to the Department of Energy, energy prices are expected to rise in 2014 by approximately 23 percent and will continue to rise in subsequent years.
What percentage of return annually can be expected from a high yield savings account?
A percentage of return that can be expected from a high yield savings account is 0.10%. Although this is the average, some percentages can get as high as 0.90%.
An increase in a firm's expected growth rate would normally cause its required rate of return to do what?
possibly increase, possibly decrease, or possibly remain unchanged
What is the expected DNA percentage shared between a half-niece and her uncle?
A half-niece and her uncle are expected to share about 12.5 of their DNA.
What is the expected DNA percentage shared between a person and their half-uncle?
A person and their half-uncle are expected to share about 12.5 of their DNA.
What percentage of Americans are expected to need help with ADLs by age 85?
1.2
