Random variable

As managed care becomes more prevalent, evaluating the economic aspect of the urological practice becomes increasingly important especially in medium or low volume centers. Data from the nationwide inpatient sample reported in 2009 that 61% of prostatectomies were RARP. In recent years RARP has replaced ORP as the most common surgical approach to prostate cancer despite the lack of evidence demonstrating superior oncologic or functional outcomes. Among comparative studies of ORP, LRP, and RARP,…

Rent is a fixed, committed cost because it does not change due to differences in activity levels. In other words, rent is always a cost that will be due regardless of business activity level. It is generally considered a committed cost because once you sign the lease you are committed to paying rent for the life of the lease (Walther, 2012). Property taxes on land and building are fixed committed cost due to the fact that it does not change as per stipulated tax period. This tax does not affect…

TABLE SHOWING MEAN DAILY MAXIMUM AND MINIMUM TEMPERATURES AND HUMIDITY FOR THE CITY OF KOLHAPUR. Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov Dec. Annual Highest Lowest. Mean daily Maximum temperature (°F) 86.9 89.9 96.4 98.7 94.9 86.1 79.4 79.3 82.9 86.4 86.6 85.8 87.8 107 48 Mean daily Minimum temperature (°F) 58.5 60.6 65.7 70.5 72.2 71.7 70.0 69.5 68.8 68 61.3 58.2 66.3 Mean Temperature 72.7 75.3 81.1 84.6 83.5 78.9 74.7 74.4 75.9 77.2 74.0 72.0 77.1 Mean Range 28.4 29.3…

CIS 561 Homework #2 Hussain ul Abideen 01617974 Question#1: Solution: State: (a,b) for liters in jugs 1 and 2 Integer 0 to 4 (a,b) : 0<= 7, Initial state:- (Black1,Black2,Black3) : (1,2,3) or (1,3,2) or (2,1,3) or (2,3,1) or (3,2,1) or (3,1,2) (white1,white2,white3) : (5,6,7) or (5,7,6) or (6,5,7) or (6,7,5) or (7,6,5) or (7,5,6) (Blank): (4) Goal state:- (Black 1, Black 2, Black 3) : (5,6,7) or (5,7,6) or (6,5,7)…

Managers are not able to decrease the variable cost per a unit, managers focus more to control their fixed costs (Edmonds, Tsay, & Olds, 2011). The basic assumption for most organizations is to lower the cost to increase the net income (Edmonds, Tsay, & Olds, 2011). If decreasing the variable cost is difficult for an organization, the manager may try to decrease the fixed costs (Edmonds, Tsay, & Olds, 2011). Therefore…

The firm was set up by Lewis Llewellyn and Dai Armstrong, the two close friends in a local cycle touring club. They produce traditional upright cycle, which imitate the 1940’s and 1950’s. In 1990s, the company expanded to meet the demand and they bought a 15,000 square feet warehouse with 2,000 square feet of office accommodation. The high quality hand- made bikes brought them good reputation and maintained high sales though they did not advertise much. However in 2010 the company has trouble as…

Note to workings (Prime cost (direct costs) – To max 3 marks): Direct costs are cost objects that are directly attributable to the finished product, these can be direct materials, direct labour and direct expenses related to the production of the finished product. Prime cost is the total of all direct costs (material, labour and expenses). Quantity x price rate = total E.g. for machining department ‘Carom’: 450 x 12 = 5,400 1,200 x 8 = 9,600 2,230+5,400+9,600=17,230 Total prime cost for…

Page 1 of 4 General Findings After completing CVP analysis, breaking down the variable and fixed cost structure, and understanding the special order, I believe that going to a fixed cost structure would be in the best interest of the company. Outlined are the risk associated with this change, the probability of reaching the projected net income, and the results of the special order. Comparison of Cost Structure As suggested, Wall Street Burger Shoppe used the fixed cost structure in the months…

Written Assignment Unit 3 Please note: Wikipedia, wiki’s, Answers.com, Ask.com, online dictionaries, or online encyclopedias may not be used as research sources for this project. As a senior level student you are responsible for independent research and for veracity of source. A search engine is not a source but a tool used to find the resource. For any internet article or information an APA reference must include the full and complete web address that will take the reader directly to…

save the variable cost. Also, they can save the fixed cost rather than Sony in terms of producing TV. In this term, such a new companies have a lower budget to exploit the new machine or new technic because they just imitate the large company methods. Their fixed costs are based on the factory and wage; actually, they do not need to pay the high wage for the worker because their country is not high wage standard. So the can save a lot of money in terms of fixed cost. Also, their variable cost is…