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Bayesian revision of probabilities
Seepage from dams containing uranium tailings is known to cause radio-active pollution of surrounding ground water of an average of 1 dam in 2000. The presence of radio-active pollution can be tested using a geiger-counter. This instrument, however, provides imperfect signals. Background atmospheric radiation causes it to indicate the presence of radio-active seepage on 15% of the occasions when no radio-active seepage has occurred. However, when radio-active seepage has occurred, it fails to accurately signal the presence of radio-active pollution only 2% of the time.
If a geiger-counter measurement indicates the presence of radio-active pollution, what is the probability that radio-active seepage has occurred?
breach of contract alternative uses of a product made to customer specificationgrumbles industries ltd is a large
Barone Supply bought equipment at a cost of $48,000 on January 2, 1997. It originally had an estimated life of ten years and a salvage value of $8,000. Barone uses the straight-line depreciation method. On December 31, 2000
Suppose you have the following hypothetical demand or sales function. Calculate the income elasticity of demand for product X when I= $1,500. How could we classify product X? Is product X a cyclical or noncyclical good?
Your company has developed the drug called Matrox that is an effective treatment for migraine headaches. You have just discovered that it can also be employed for organ transplant patients to reduce risk of organ rejection.
Prepare an analysis of the financial impact of the exhibition on the Ruthmueller Museum, assuming attendance is 10,000. Does offering the exhibition appear to be a good decision from a financial standpoint?
Since easing the credit policy generally lengthens the collection period and worsens the aging schedule, why do firms ever ease their credit policies?
Determine the activity rate for each activity and determine the total and per-unit activity cost for all three products.
What are the main features of an intangible asset, as laid out in AASB 138 Intangible Assets. Explain how Pics Ltd's) expenditures on intangibles should be accounted for under AASB 138 Intangible Assets.
Make a cash budget for Sharpe covering the first seven months of 2004. Sharpe has $200,000 in notes payable due in July that must be repaid or renegotiated for an extension. Will the firm have ample cash to repay the notes?
Describe JSC's current budget process in terms of the concept of 'participative budgeting' and advise the CEO on how the current budget process may be leading to the performance problems being experienced at JSC, and on what changes you would recom..
What action should (s)he select if (s)he followed the criterion of Maximin and Maximax
The Manufacturing overhead was overapplied by $6800, so when we close it to COGS, the new amount comes to $466400.
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