In dealing with a pair of jointly distributed discrete random variables, the conditional probability distribution on one random variable, given specified values of another, is the:
A) collection of conditional probabilities.
B) product of marginal distributions.
C) square of the conditional probabilities.
D) quotient of the conditional probabilities.
A
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Underwater Sports Equipment Company projected sales of 79,000 units at a unit sales price of $12 for the year
Actual sales for the year were 75,000 units at $14 per unit. Variable costs were budgeted at $3 per unit, and the actual amount was $5 per unit. Budgeted fixed costs totaled $387,000, while actual fixed costs amounted to $450,000. What is the flexible budget variance for variable costs? A) $158,000 unfavorable B) $150,000 unfavorable C) $150,000 favorable D) $158,000 favorable
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Net loan proceeds show up as a debit to the broker only.
a. true b. false
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