If the market mechanism is efficient, the marginal cost accurately measures the opportunity cost of a good or service. a. True
b. False

Aclassic question of logic is: which came first, the chicken or the egg? in this class, we might adapt that question for exploring the various probability distributions we’ve seen this week and last week. many things we analyze as engineers can be best understood as manifestations in the world of the probabilities these distributions describe. knowing the appropriate descriptive distribution allows us to make predictions about what has happened, or will happen, in the world. discuss how you would explain to a non-engineering manager why, when, and how you would make use of these distributions in order to solve a problem or address an opportunity. what would you need to start, and what you have after your analysis?