If We Know the ____, Then the Computer Can Generate

question 28

Multiple Choice

If we know the ____, then the computer can generate a sequence of random numbers that follows this pattern, and this sequence accurately models the time it takes to serve customers in real life.

• A)probabilistic distribution
• B)statistical distribution
• C)random distribution
• D)normalized distribution

Learn the method of calculating direct labour and material costs in standard costing.

Understand the impact of actual cost variations from standard costs on cost accounting.

Identify the factors leading to variances in labour and material costs and the managerial responses to these variances.

Comprehend the use of statistical control charts in monitoring cost variances.

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