When single-value or single-point estimates are used exclusively in an economic analysis, the decision-making process is said
Question:
When single-value or single-point estimates are used exclusively in an economic analysis, the decision-making process is said to be:
(a) Probabilistic
(b) Uncertain
(c) Deterministic
(d) Monte Carlo
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions 1. When there are at least two values for a parameter and it is possible to estimate the chance that each may occur, this situation is known as: (a) Uncertainty (b) Risk (c)...
-
An ABC study by Peterson Company has revealed that, of the last year's total overhead cost, $50,000 represented the costs of maintaining supplies of purchased subassemblies. The activity driver...
-
What two flowchart symbols are used exclusively in the study of paper work?
-
Dozier Industries Inc. manufactures only one product. For the year ended December 31, 2014, the contribution margin increased by $38,500 from the planned level of $1,386,000. The president of Dozier...
-
What is the origin of the term kanbans and why are they used in lean systems?
-
The Sanchez Computer Center created its chart of accounts as follows: You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. The...
-
Name the five phases in the systems development life cycle, and briefly describe each.
-
Quantum Solutions Company, a computer consulting firm, has decided to write off the $33,550 balance of an account owed by a customer, Alliance Inc. Journalize the entry to record the write-off,...
-
Gendalf Dairy Ltd. manufactures dairy products. In the month of June, 20,000 litres of raw milk was processed at a cost of $32,000. The joint process yielded 6,000 litres of cream and 12,000 litres...
-
In this assignment you will be required to complete tasks related to job costing. Download the document, complete the required information, save the document, and submit the assignment in Blackboard....
-
The shipping costs for fresh fruit items have been estimated and assigned the probabilities shown below. The expected value of the shipping costs is closest to: (a) $36.33 (b) $39.21 (c) $41.28 (d)...
-
A discrete variable Q, extra inventory units, has integer values from 1 to 10. When sampled 100 times, the following observed probability distribution was obtained: (a) Determine the sample average...
-
A newsvendor faces normally distributed demand and the critical ratio is .8. If the profit-maximizing quantity is ordered, which of the following statements is true? a. Expected sales are less than...
-
The air in an automobile tire with a volume of \(0.015 \mathrm{~m}^{3}\) is at \(30^{\circ} \mathrm{C}\) and \(140 \mathrm{kPa}\) (gage). Determine the amount of air that must be added to raise the...
-
Convex Productions has just received a contract to film a commercial video that will air during a major sporting event in North America, and then be available on-demand through banner advertisements...
-
The following data (and annotations) for March 2016 are for the work in process account of the first of Olympus Companys four departments used in manufacturing its nly product. Assuming that Olympus...
-
If relative volatility can be assumed constant over the change in concentration for each fraction, Eq. \((9-13)\) can be adapted to the collection of fractions from a simple binary batch...
-
(a) Design a PI controller for Problem 8.6-4(b). (b) Design a PD controller for Problem 8.6-4(c). (c) Use the results of parts (a) and (b) to repeat Problem 8.6-4(d). Problem 8.6-4(b) (c) (d) (b)...
-
What is Netflixs competitive advantage?
-
(a) With not more than 300 words, examine why Malaysia missed its 2020 targets to divert 40% of waste from landfills and increase recycling rates to 22%. (10 marks) b) Why arent Malaysian recycling?...
-
Ashley Foods, Inc. has determined that any one of five machines can be used in one phase of its chili canning operation. The costs of the machines are estimated below, and all machines are estimated...
-
Five revenue projects are under consideration by General Dynamics for improving material flow through an assembly line. The initial cost in $1000 and the life of each project are as follows (revenue...
-
The five alternatives shown here are being evaluated by the rate of return method. (a) If the alternatives are mutually exclusive and the MARR is 26% per year, which alternative should be selected?...
-
If Total Assets are $2,100 and Total Equity is $1,600 then what is the value of Total Liabilities?
-
Date Account and Explanation Debit Credit Jun 1 Cash 105,000 Jun 1 Capital 105,000 (capital contribution) Jun 1 Computer Equipment 56,000 Jun 1 Cash 56,000 Jun 1 Cash 198,000 Jun 1 Bank Loan Payable...
-
.Is bankruptcy on the part of the borrower a common risk that frequently interferes with a lenders efforts to work out a defaulted loan through either nonforeclosure means or foreclosure? Discuss.
Study smarter with the SolutionInn App