Answer the following statement(s) true (T) or false (F)
1. Markov processes use historical probabilities.
2. All entries in a matrix of transition probabilities sum to 1.
3. All Markov chain transition matrices have the same number of rows as columns.
4. A unique matrix of transition probabilities should be developed for each customer.
5. The probability that a system is in state 2 in the fifth period is ?5(2).
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
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Use this information to answer the following question. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% Payroll Taxes and Benefits Expense would be recorded for
a. $1,224. b. $2,216. c. $4,016. d. $992.
Retleb Manufacturing Company noticed that, during its busiest month of 2014, maintenance costs totaled $15,400, resulting from the production of 32,000 units. During its slowest month, $12,600 in maintenance costs were incurred, resulting from the production of 24,000 units. Use the high-low method to estimate the maintenance cost that the company will incur if it produces 20,000 units?
A) $7,000 B) $11,200 C) $8,400 D) $2,800
Komuro, a customer service representative, often delivers messages to clients in which he must convey negative news. Which of the following techniques could Komuro use to soften the impact of the bad news?
a. Passive voice and abstract nouns as the subjects of sentences. b. Passive voice and the placement of the negative message in an independent clause. c. Active voice and positive language. d. Active voice and placement of the negative message in a dependent clause.
A description of the future one envisions for a business, including what one plans to do and how one plans to do it, is called ______.
a. white-boarding b. planning c. brainstorming d. surveying