We can think of a cost or revenue estimate as a draw from many possible values of
Question:
Evaluate the following statement, "Variability is helpful in assessing the mean of the probability distribution while traceability speaks to the variance."
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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When costs or revenues vary using many possible realizations helps us in estimating with greater st...View the full answer
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Related Book For 
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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