=+Unit managers each submit estimates of output having a 16% chance of being exceeded. How likely is

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=+Unit managers each submit estimates of output having a 16%

chance of being exceeded. How likely is it that the total output estimate for the company will be met? (Assume the distribution of output to be Normal.)

Corporate management re duces the total estimate, so that it has a 16% chance of being exceeded by reducing each estimate pro rata. How likely is it now that each unit estimate will be met?

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Accounting For Management Control

ISBN: 9780412374807

2nd Edition

Authors: David Otley And Kenneth Merchant Clive Emmanuel

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