Mgf - Samenvattingen, Aantekeningen en Examens

MGF301 Exam #2 Latest Update ...

MGF1107 QUESTIONS AND ANSWERS 2023 Money in a bank account earning compound interest at an annual percentage rate of 3% is an example of exponential growth. - ANS-The statement makes sense because the money in the account grows by the same percentage, which is an example of exponential growth. A small town that grows exponentially can become a large city in just a few decades. - ANS-The statement makes sense because exponential growth leads to repeated doublings, making the populati...

MGF301 Exam #1 Questions And 100% Correct Answers ...

Set - Collection or group of objects (ex: favorite color) Well-defined set - Constant set (ex: multiples of 3) X∈A - X is an element of A X∉A - X is not an element of A Roster method - { } Set builder notation - {x|x is a multiple of 3} A⊆B - A is a subset of B Equation to find number of subsets - 2^x = # (x is number of elements, # is the number of subsets) Equation to find number or proper subsets - 2^x - 1 A∩B - What they share A∪B - Ev...

Bernoulli Trial - An experiment in which there are exactly two possible outcomes Binomial distribution - A random variable X represents the number of successes observed from the n Bernoulli trials Binomial Parameters - n = number of trials p = probability of success q = 1-p Binomial probability function (f(x)) - E[X] binomial function - E[x] = np var(x) binomial function - var(x) = npq MGF binomial function - Additive property of binomial function - Sum of independent binomially dist...

SOA Exam P questions and answers 100% verified. Bernoulli hTrial h- h hcorrect hanswer. h h hAn hexperiment hin hwhich hthere hare hexactly htwo hpossible houtcomes Binomial hdistribution h- h hcorrect hanswer. h h hA hrandom hvariable hX hrepresents hthe hnumber hof hsuccesses hobserved hfrom hthe hn hBernoulli htrials Binomial hParameters h- h hcorrect hanswer. h h hn h= hnumber hof htrials p h= hprobability hof hsuccess q h= h1-p Binomial hprobability hfunction h(f(x)) h...

MGF301 CH 6 Exam Questions With Complete Answers ...

ABC Overhead Cost Allocation involves what? - Overhead allocation based on different activities - Cost Drivers What are the three areas used in process costing? - 1- Work needed to complete beginning WIP 2- Work needed to start & complete units 3- Work put into units not completed (ending WIP) How do you figure out the Equivalent Units of Production? - (Beginning WIP x % needed to complete)+(units started and completed)+(Ending WIPx% completed)= EU of Production Formula to figure out cost...

MGF301 Test 1 With Complete Solution ...