# s Fixed cost is the difference between total cost and total variable cost.

Question 1 2 out of 2 points Probabilistic techniques assume that no uncertainty exists in model parameters. Question 2 2 out of 2 points In general, an increase inprice increases the break even point if all costs are held constant. Question 3 2 out of 2 points If variable costs increase, but price and fixed costs are held
constant, the break even point will decrease. Question 4 2 out of 2 points Fixed cost is the difference between total cost and total variable cost. Question 5 0 out of
2 points The events in an experiment are mutually exclusive if only one can occur at a time. Question 6 2 out of 2 points A continuous random variable may assume only
integer values within a given interval. Question 7 2 out of 2 points P(A | B) is the probability of event A, if we already know that event B has occurred. Question 8 2
out of 2 points A BED AND BREAKFAST breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is \$4200 per month and the revenue they
receive from each booked room is \$180. What their variable cost per occupied room Question 9 2 out of 2 points EKA manufacturing company produces Part # 2206 for the
aerospace industry. Each unit of part # 2206 is sold for \$15. The unit production cost of part # 2206 is \$3. The fixed monthly cost of operating the production
facility is \$3000. How many units of part # 2206 have to be sold in a month to break-even Question 10 2 out of 2 points If the price increases but fixed and variable
costs do not change, the break even point Question 11 2 out of 2 points The indicator that results in total revenues being equal to total cost is called the Question
12 2 out of 2 points The expected value of the standard normal distribution is equal to Question 13 2 out of 2 points In a binomial distribution, for each of n trials,
the event Question 14 2 out of 2 points The area under the normal curve represents probability, and the total area under the curve sums to Question 15 2 out of 2
points Administrators at a university are planning to offer a summer seminar. The costs of reserving a room, hiring an instructor, and bringing in the equipment amount
to \$3000. Suppose that it costs \$25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be
charged per person to break even Note: please report the result as a whole number, rounding if necessary and omitting the decimal point. Question 16 2 out of 2 points
A production run of toothpaste requires a fixed cost of \$100,000. The variable cost per unit is \$3.00. If 50,000 units of toothpaste will be sold during the next
month, what sale price must be chosen in order to break even at the end of the month Note: please report the result as a whole number, rounding if necessary and
omitting the decimal point. Question 17 2 out of 2 points A production process requires a fixed cost of \$50,000. The variable cost per unit is \$25 and the revenue per
unit is projected to be \$45. Find the break-even point. Question 18 2 out of 2 points The variance of the standard normal distribution is equal to __________. Question
19 2 out of 2 points Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job
category. If an employee is selected at random, what is the probability that the employee is female or works as a member of the administration Question 20 0 out of 2
points Wei is considering pursuing an MS in Information Systems degree. She has applied to two different universities. The acceptance rate for applicants with similar
qualifications is 20% for University X and 45% for University Y. What is the probability that Wei will be accepted by at least one of the two universities {Express
your answer as a percent. Round (if necessary) to the nearest whole percent and omit the decimal. For instance, 20.1% would be written as 20}

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