=+Unit managers each submit estimates of output having a 16% chance of being exceeded. How likely is
Question:
=+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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Related Book For
Accounting For Management Control
ISBN: 9780412374807
2nd Edition
Authors: David Otley And Kenneth Merchant Clive Emmanuel
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