Discuss how probability distributions are used in estimating future losses
What will be an ideal response?
Probability distributions reflect possible future outcomes and can be used to estimate the expected average loss as well as the standard deviation around the expected average. Using these two variables can estimate a confidence interval with regards to the accuracy of the forecasted losses.
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Regional or specialty trade shows would be better than a large, national trade show for all of the following goals, except:
A) provide higher quality prospects B) more quality one-on-one time with customers C) enhance a firm's brand or corporate name D) opportunities to bond with customers
Owners of Tri-States Industries, Ralph and Maureen, are sent a dividend check from the company. For this transaction, what is the effect on the accounting equation for Tri-States Industries?
a. Assets decrease and stockholders' equity decreases. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities increase and stockholders' equity decreases.
If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays March 12, then the amount paid to the seller would be
a. $3,136 b. $3,150 c. $3,168 d. $3,200
What are the provisions of the Digital Millennium Copyright Act (DMCA)?
What will be an ideal response?