In a simulation process, the error of the estimates of the output can be reduced by
a. increasing the range of possible values for the random variables.
b. increasing the number of random variables.
c. increasing the number of trials per simulation.
d. conducting regression analysis to forecast values.
c
RATIONALE: In a simulation process, the error of the estimates of the output can be reduced by increasing the number of trials per simulation.
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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. When did title to the merchandise transfer from Jay Zee Music
Company to Park? a. June 10, 2016 b. June 5, 2016 c. June 13, 2016 d. Cannot be determined from the information provided
Air carriers transport digital products from producer to customer via satellite, cable, phone wire, or wireless signal
Indicate whether the statement is true or false
Depreciation Expense is reported on the balance sheet as an addition to the related asset
Indicate whether the statement is true or false
ABS specializes in repair and maintenance of industrial machines. One repair technician has been assigned to five identical grinding machines for repair and maintenance. The machine breaks down after about 20 hours of use, and breakdowns have a Poisson probability distribution. It takes 6 hours to repair a machine, and repair times follow an exponential distribution. Machine downtime costs the company $250 an hour, and the technician is paid $50 an hour. Determine the average cost per hour of downtime if number of technicians is equal to two.
a. $234 b. $432 c. $320 d. $345