For a continuous random variable x, the height of the function at x is
a. the probability at a given value of x.
b. 0.50, since it is the middle value.
c. a value less than zero.
d. named the probability density function f(x).
d
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Indicate whether the statement is true or false.
The state of Ohio has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anson Enterprises is considering entering into this type of business. After extensive Mark Anson has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs 270,000.00 Fixed service
overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anson believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The price to be charged for inspecting each automobile using the time and materials pricing method would be calculated as A) ($913,000.00 ÷ 100,000 ) + {($913,000.00 ÷ 100,000 ) x [($90,000 + $290,000 ) ÷ $913,000.00]}. B) ($1,203,000.00 ÷ 100,000 ) + [($1,203,000.00 ÷ 100,000 ) x ($90,000 ÷ $1,203,000.00)]. C) ($1,203,000.00 ÷ 100,000 ) + [($500,000 ÷ 100,000 ) x 0.1875]. D) none of these options.
______ are used to rank suppliers and track their performance over time.
a. Supplier information cards b. Performance guidelines c. Supplier scorecards d. Performance metrics
. What is the advantage of angel investor funding?
a. You may gain advice and guidance. b. You will not have to pay for the investment. c. You will not be expected to use your own money toward your business. d. The funding is easy to attain.