# (Solved) : When working with research, would you rather use conditional or joint probability? Explain

QUESTION :

Cost behavior and cost classifications are key components to efficiently utilizing managerial accounting techniques.  In order to make decisions, accountants and managers must be able to correctly identify and classify each cost associated with a given product or service.

Don't use plagiarized sources. Get Your Custom Essay on
(Solved) : When working with research, would you rather use conditional or joint probability? Explain
Just from \$13/Page

Using your personal knowledge or the internet to select a product or service.  The product or service does not have to be an actual product or service – it can be completely fictional.  For the selected product or service, identify at least 5 costs involved with the product or service and complete the following questions.

• Classify each cost as direct or indirect.
• Identify the cost behavior as either variable, fixed or mixed.
• Provide a brief (2 or 3 sentences) on the relationship of these costs.

Please note you will need to make some assumptions about the product or service.  Internal product information is generally not available to the public so you will need to make some educated guesses about what may be required.

Here is an example to help get you started:

Product: toothbrush
Costs:

1. Plastic for handle (direct materials, variable)
2. Material for bristles (direct materials, variable)
3. Plant electricity to run equipment (indirect, fixed)
4. Labor to assemble each toothbrush (direct labor, variable)
5. Glue/Adhesive to hold bristles (indirect, variable)

Relationship:  As the number of toothbrushes made increases, the direct materials and direct labor will also increase to meet the demand.  Electricity is required to operate other aspects in addition to the equipment so this a shared cost across all functions.  Electricity is necessary cost for all operations and not solely for the production of toothbrushes.

This discussion has 2 parts:

1. Looking at probability in research; which do you believe is the best approach between classical, empirical, or subjective? Explain.
2. When working with research, would you rather use conditional or joint probability? Explain.

.

Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

### Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors: