Discuss conditional probability, independence, and the Bayes’ theorem.

discuss conditional probability, independence, and the Bayes’ theorem. We will study probability distributions of both discrete and continuous random variables, the concepts of sampling distributions and asymptotic limiting distribution (the central limit theorem), statistical(point) estimations, confidence intervals, hypothesis testing.”

Analyze cost accounting practices.

analyze cost accounting practices &make; recommendation on whether to accept a purchase offer at a price.

Explain why some production costs are variable and some are fixed. Analyze the benefit of recalculating the cost of pickle production. How would you recalculate it? What would the result be? What is the benefit to the company of recalculating the cost? Analyze how financial accounting of production cost differs from managerial accounting of production cost. Explain the difference between the two accounting methods.