A variety of stores offer loyalty programs. Participating shoppers swipe a bar-coded tag at the register when checking out and receive discounts on certain purchases. Stores benefit by gleaning information about shopping habits and hope to encourage shoppers to spend more. A typical Saturday morning shopper who does not participate in this program spends $150 on her or his order. In a sample of 80 shoppers participating in the loyalty program, each shopper spent $160 on average during recent Saturday, with standard deviation s =$40. Is this statistical proof that the shoppers participating in the loyalty program spend more on average than typical shoppers? (Assume that the data meet the sample size condition.) Complete parts a-d. B. H 0
:μ≤$150 vs H a
:μ>$150;μ is the average spent by a shopper in the loyalty program. C. H 0
:μ≤$150 vs H a
:μ>$150;μ is the average spent by a shopper not in the program. D. H 0
:μ≥$150 vs H a
:μ<$150;μ is the average spent by a shopper in the loyalty program. (b) Describe the Type I and Type II errors. Choose the correct answer below. A. Concluding that loyal shoppers spend more when in fact they do not is a Type I error. Concluding that loyal shoppers do not spend more and they do not is a Type Il error. B. Concluding that loyal shoppers spend more when in fact they do not is a Type I error. Concluding that loyal shoppers do not spend more when in fact they is a Type II error. C. Concluding that loyal shoppers do not spend more when in fact they do is a Type I error. Concluding that loyal shoppers spend more when in fact the do is a Type II error. D. Concluding that loyal shoppers spend more and they do is a Type I error. Concluding that loyal shoppers do not spend more when in fact they do is a Type II error. (c) How large could the kurtosis be without violating the CLT condition? K 4
must be less than
Answers
(a) B. H0: μ versus Ha: μ>$150; is the loyalty program shopper's average spend. (b) Type I error: Assuming loyal shoppers spend more when they don't. Type II error: Assuming loyal consumers spend less when they do. (c) Kurtosis is CLT-compliant at any value. summary: Loyal shoppers spend more. Errors I and II.
a) The given null and alternative hypotheses are H0: μ ≤ $150 (average amount spent by a shopper not in the program) and HA: μ > $150 (average amount spent by a shopper not in the program)The given sample size of the participants in the program is 80, which is greater than the recommended value of 30 (as given by the Central Limit Theorem) for a normal distribution. Further, the standard deviation of the sample is also given (s = $40). Thus, we can use the z-test to find the p-value.
b) Type I error is rejecting the null hypothesis when it is true. Type II error is accepting the null hypothesis when it is false. Hence, option (B) is correct.
c) The Central Limit Theorem requires that the sample size is larger than 30. The given sample size is 80, which is greater than 30. Further, the given distribution of the sample (population distribution is not given) is not mentioned to be heavily skewed. A kurtosis value of greater than 4 would indicate a distribution that is heavily skewed. Thus, a kurtosis value of 4 would be the maximum limit that would not violate the CLT condition. Therefore, the answer is '4'.
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Related Questions
Select the correct answer.
Which technique of advertising shows that multiple consumers use a product to build consumer trust in the procduct
Answers
Answer:
D. Bandwagon advertising
Explanation:
Bandwagon advertising is a type of propaganda advertising technique that is employed to sway the emotions of the audience to get them to purchase a particular product or service simply because many other persons are using such. So, the audience, in a bid to join crowd, they will willingly purchase such product or services on the ground that it is tested and trusted by many users.
For example, a beverage company can make ads about one of their beverage products and tag it, "America's favorite tea". This will give the notion to the target audience that the tea is mostly accepted and used by many Americans, and as such will go ahead to purchase it.
Answer:
D. Bandwagon advertising
Explanation:
The test says the answer is correct got 100%
when she traveled to australia on business recently, cori assumed the weather would be the same as her home in new york. she soon found out it was winter in australia.
Answers
The bias represented in the above case or scenario is called availability bias. See further explanation below.
What is availability bias?The availability bias is the human inclination to believe that instances that spring to mind quickly are more typical than they actually are. The psychological phenomenon is merely one of several cognitive biases that impair critical thinking and, as a result, the legitimacy of our conclusions.
The availability bias is caused by a cognitive convenience known as the availability heuristic, which is characterized as relying on what we quickly think of to make rapid decisions and judgments. This dependence allows us to avoid time-consuming fact-checking and analysis, but it also raises the risk that our conclusions will be wrong.
Naturally, the most memorable things are the ones that come to mind first. However, there are many factors that affect how well we remember things. For example, we tend to remember things we have observed ourselves rather than things we have only heard about. So, for example, if we personally know that there are several startups and they are all successful, we may overestimate the percentage of successful startups, even if we read contrary statistics.
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Full Question:
When she traveled to Australia on business recently, Cori assumed the weather would be the same as her home in New York. She soon found out it was winter in Australia. Which bias does this represent?
Describe three features of Agriculture before the Agricultural Revolution.
Answers
The three features of Agriculture before the Agricultural Revolution are "Nomadic lifestyle, Small-scale farming, and Limited technology".
The agricultural revolution was the agriculture small-scale practices and subsistence-based activity that played a secondary role to hunting and gathering.
The three features of Agriculture before the Agricultural Revolution are Nomadic lifestyle, Small-scale farming, and Limited technology.
The Nomadic lifestyle referred to practice in agriculture in which humans were predominantly nomadic and relied on hunting and gathering for sustenance. They moved from place to place in search of food.
The Small-scale farming referred to clearing small plots of land and planting crops.
The Limited technology referred to used primitive tools, such as stone axes and digging sticks, to clear land and plant crops.
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Kensington, Inc. is considering an investment in new equipment. The project has a payback period 3.25 years and its initial cost is $36,000. Determine the missing cash flow from the list below. Year 1: $9,000 Year 2: $12,000 Year 3: $
Answers
The amount of missing cash flow for the year 3 is $12,000 on the amount of investment of $36,000 made by Company K.
What is the payback period?The payback period is one of the methods of capital budgeting that enables us to know the number of years in which the invested amount gets recovered. It is determined by dividing the cost of investment by the annual cash flows.
Given values:
Amount of investment: $36,000
Cash flow of Year 1: $9,000
Cash flow of Year 2: $12,000
Computation of cash flow for the third year:
\(\rm Payback \rm\ period= \rm \ Number \rm\ of \rm \ year \rm \ before \rm \ breakeven + \frac{\rm\ Cumulative \rm\ cash \rm\ flow \rm\ for \rm\ 2nd \rm\ year }{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm 3.25 \rm\ years= \rm\ 2 \rm\ years + \frac{\$36,000-\$9,000-\$12,000}{\rm\ Cash \rm\ flow\rm\ for \rm \ third \rm\ year } \\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year=\frac{\$15,000}{1.25 \rm\ years}\\\rm Cash\ \rm flow \rm\ for\rm \ third \rm\ year = \$12,000\)
Hence, the amount of cash flow for the year 3 come out to be $12,000 by using the payback period formula.
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An occupation is a category of jobs in a career. For example, if you are a ______, your occupation is food preparation.
Hostess
chef
manager
custodian
Answers
Answer:
Chef
Explanation:
A chef prepares food
Refer to the accompanying table below. The marginal benefit of the 5th unit of
activity is:
Units of Activity
0
1
2
3
4
5
6
Total Cost
$0
$30
$40
$60
$100
$150
$210
Total Benefit
$0
$100
$160
$190
$210
$220
$225
O A) $44
B) $50
Answers
Answer:
huh am stuck this question
The marginal benefit of the 5th unit of activity is $50.
The marginal benefit refers to the change in the overall benefit at the time when the extra unit of the commodity should be consumed.The following formula should be used:
= Total benefit of 5th unit - Total benefit of 4th unit
= $150 - $100
= $50
Therefore we can conclude that the marginal benefit of the 5th unit of activity is $50.
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Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capacity. The contribution margin from the dinners would amount to $3,000 annually. Required: a. If Mel decides to sell dinners, what are the total costs for both making and buying the cookies?
Answers
Answer:
$900
Explanation:
The computation of the total cost for both making and buying the cookies is given below:
But before that the variable cost per unit is
= (Cost of goods sold - fixed cost) ÷ (sales units)
= ($13,500 - $4,500) ÷ ($180,000 ÷ 6)
= $3
now the total cost is
= 300 × $3
= $900
What do you think are the defining characteristics of a science? does the study of the economy have these characteristics? do you think macroeconomics should be called a science? why or why not?
Answers
The defining characteristics of a science include systematic observation, experimentation, and the use of empirical evidence to develop theories and make predictions about the natural world.
Science relies on the principles of objectivity, testability, and reproducibility to ensure the reliability of its findings.
When it comes to the study of the economy, it does exhibit some of these characteristics. Economics uses systematic observation and data collection to understand how individuals, businesses, and governments make choices regarding the allocation of resources. It employs various methods such as statistical analysis and mathematical models to analyze economic phenomena.
However, the study of the economy differs from other natural sciences in some ways. Economic phenomena involve human behavior, which can be influenced by social, cultural, and psychological factors. This makes the study of the economy more complex and subjective compared to the study of natural phenomena.
As for whether macroeconomics should be called a science, it is a topic of debate among scholars. Some argue that macroeconomics meets the criteria of a science because it uses empirical evidence, mathematical models, and theories to explain and predict aggregate economic phenomena at the national or global level. Others contend that the complexity and unpredictability of the economy, combined with the subjective nature of human behavior, limit the ability of macroeconomics to meet the rigorous standards of a natural science.
In summary, the defining characteristics of a science involve systematic observation, experimentation, and the use of empirical evidence to develop theories and make predictions. While the study of the economy does exhibit some scientific characteristics, the subjective nature of human behavior and the complexity of economic phenomena make it debatable whether macroeconomics can be considered a true science.
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A. Suppose demand is d and supply is s0. If a price ceiling of $6 is imposed, what are the resulting shortage and full economic price?.
Answers
When there is an increase in demand for a particular good or item on the market then there tends to be an increase in price as there would be an increased supply to meet demand.
What is Supply?This refers to the economic principle which states that a certain amount of goods or items are needed to be provided to the marketplace in response to their demand.
What is Demand?This refers to the quantity of goods which a number of people are willing to buy in the marketplace that influences market value.
With this in mind, we can see that if there is a reduction in demand of a product, then this would bring about a reduction in price of the good or service.
Please note that your question is incomplete so I gave you a general overview to help you better understand the concept.
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As babies, we learned by trial and error. through traditional education, we think more like ______. franchisees managers entrepreneurs collaborators
Answers
As babies, we learned by trial and error. Through traditional education, we think more like franchisees.
Traditional education typically emphasizes following established rules, procedures, and prescribed methods of learning. It often focuses on providing structured knowledge and training individuals to conform to existing systems and processes. This approach is akin to the role of franchisees in a business setting. Franchisees operate within an established framework, following standardized procedures and guidelines provided by the franchisor.
Franchisees are expected to adhere to established business models and practices to ensure consistency and brand integrity. Similarly, traditional education aims to impart established knowledge and standardized methods of thinking and problem-solving.
While managers, entrepreneurs, and collaborators also play important roles in various contexts, the analogy with franchisees best reflects the idea of thinking in a structured and rule-based manner that aligns with traditional education.
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Using the following information about Cerebrus Plc, calculate the implied share price.
Enterprise value (from DCF) 984,634. 0
Shares outstanding 54,600. 0
WASO 53,480. 0
Preferred stock value 6,920. 0
Short term debt 1,876. 0
Long term debt 25,600. 0
Cash and cash equivalents 2,000. 0
Financial assets 620. 0
Select one:
17. 58
17. 44
17. 45
17. 82
Answers
To calculate the implied share price of Cerebrus Plc, you will need to use the following formula:
Implied Share Price = (Enterprise Value + Preferred Stock Value + Short Term Debt + Long Term Debt + Financial Assets) ÷ (Shares Outstanding + WASO - Cash and Cash Equivalents)
Volatility is an important calculation because it can determine the rise and fall of prices on stocks or foreign exchange. The difference between the value of stocks and foreign exchange will represent the market, then have an impact on the trading sector
In this case, the implied share price is:
(984,634 + 6,920 + 1,876 + 25,600 + 620) ÷ (54,600 + 53,480 - 2,000) = 17.45
Therefore, the implied share price is 17.45.
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Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Tonya discovers that an employee is running a side business from his office, using company technology resources. What policy would most likely contain information relevant to this situation
Answers
The policy that will contain the information relevant and sanction procedures to this kind of situation is called the agreed-upon procedure.
What is an acceptable usage policy?This refers to a document stipulating constraints and practices that a user must agree to for access to a corporate network, the internet or other resources.
Majority of businesses and educational institutions requires employees or students to sign an acceptable usage policy before being granted a network ID.
Therefore, the policy that will contain the information relevant and sanction procedures to this kind of situation is called the agreed-upon procedure.
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bob bryan made deposits of $10,000 at the end of each quarter to lion bank, which pays 8% interest compounded quarterly. after 9 years, bob made no more deposits. what will be the account’s balance 4 years after the last deposit?
Answers
The account balance (future value) 4 years after Bob Bryan made the last deposit into Lion bank, which pays 8% interest compounded quarterly, is $713,771.24.
What is the future value?The future value represents the compounded present value of the periodic deposits and covers the period after the last deposit.
The future value is determined in two stages. First, we determine the future value at the end of 9 years.
Then, this future value is used as the present value to compound quarterly for additional 4 years.
N (# of periods) = 36 quarters (9 years x 4)
I/Y (Interest per year) = 8%
PV (Present Value) = $0
PMT (Periodic Payment) = $10,000
Results:
Future Value (FV) during the periodic deposits = $519,943.67
Sum of all periodic payments = $360,000 ($10,000 x 36)
Total Interest $159,943.67
N (# of periods) = 16 quarters (4 years x 4)
I/Y (Interest per year) = 8%
PV (Present Value) = $519,943.67
PMT (Periodic Payment) = $0
Results:
Final Future Value (FV) = $713,771.24
Total Interest = $193,827.57
Thus, after 13 years, Bob Bryan will have a future value of $713,771.24 in his account.
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To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
Answers
The next items to subtract from net sales in order to compute net income for a merchandiser are Expenses.
What are the expenses for a merchandiser?The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other expenses.
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Which of the following team members would not be involved in the design of gameplay?
Answers
Use the information provided below to calculate the Internal Rate of Return (expressed to two decimal places) using interpolation. INFORMATION A machine with a purchase price of R1 200 000 is estimated to eliminate manual operations by R400 000 per year. The machine is expected to have a useful life of four years.
Answers
To calculate the Internal Rate of Return (IRR) using interpolation, we need to determine the discount rate at which the net present value (NPV) of the machine's cash flows is zero.
In this case, the machine has a purchase price of R1,200,000 and is estimated to eliminate manual operations by R400,000 per year for a useful life of four years. To calculate the IRR, we need to find the discount rate that makes the NPV of the cash flows equal to zero. Let's set up the equation for NPV: NPV = -Initial Investment + (Cash Flow / (1 + r)^1) + (Cash Flow / (1 + r)^2) + (Cash Flow / (1 + r)^3) + (Cash Flow / (1 + r)^4) Where: Initial Investment = R1,200,000 (negative because it's an outflow) Cash Flow = R400,000 (positive because it's an inflow) r = discount rate (unknown) Now, we need to find the discount rate (r) at which the NPV equals zero. We can use interpolation to approximate the IRR. By trying different discount rates, we can find two rates at which the NPV switches signs (one negative, one positive).
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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answers
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
the following are the summarized transactions of dentist , dds for 20x1, her first year in practice: loading...(click the icon to view the transactions.) dr. may elect either the cash basis or the accrual basis of measuring income for income tax purposes, provided that she uses it consistently in subsequent years. under either alternative, the original cost of the equipment and furniture must be written off over its -year useful life rather than being regarded as a lump-sum expense in the first year.
Answers
Dr. May, DDS had her first year in practice in 20x1. She has the option to choose either the cash basis or accrual basis for measuring income for income tax purposes. The original cost of equipment and furniture should be depreciated over.
Income is of great importance in individuals' lives and the overall economy. It plays a crucial role in people's financial well-being, enabling them to meet their basic needs, afford goods and services, save for the future, and invest in education, healthcare, and other opportunities. Income also stimulates economic growth by driving consumer spending, which in turn supports businesses, creates jobs, and generates tax revenue. Income inequality, however, can impact social cohesion and hinder economic development, highlighting the need for equitable distribution and inclusive economic policies.
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marcos co. is considering a project that will increase residual income by $15,000. the project has a 12% return on investment (roi) which exceeds the company's 10% required rate of return. marcos co. currently has an overall 15% roi in the department where this project would be implemented. which of the following statements regarding this potential investment are true?
Answers
The project should be accepted by the company because it increases overall residual income. The department manager may not want to accept the project because it will lower the overall ROI for the department.
Return on investment (ROI) is calculated with the aid of dividing the income earned on funding via the price of that funding. as an instance, funding with an income of $ hundred and a price of $one hundred might have an ROI of 1, or one hundred% while expressed as a percentage. return on investment or go back on fees is a ratio between net earnings and funding. An excessive ROI way the funding's gains evaluate favorably to its fee. As an overall performance measure, ROI is used to assess the performance of an investment or to examine the efficiencies of several specific investments. go back on investment (ROI) A calculation of the economic cost of funding as opposed to its cost. The ROI formula is: (income minus cost) / cost. in case you made $10,000 from a $1,000 attempt, your return on funding (ROI) would be zero. nine, or ninety%.
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You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition?
Select 2 correct answer(s)
A.) Mobile Fish and Chips Truck
B.) A local Taco Bell franchise
C.) Walk-up Mexican Food stand
D.) A local Burger King franchise
Answers
The two options that could be considered indirect competition for a mobile Taco Truck are (A) Mobile Fish and Chips Truck (C) Walk-up Mexican Food stand
Indirect competition refers to businesses that offer different products or services but still target the same customer base or satisfy similar customer needs. In this case, the Taco Truck, Fish and Chips Truck, and Walk-up Mexican Food stand all fall under the category of mobile food vendors and offer food options to customers.
The Mobile Fish and Chips Truck is an example of indirect competition because it provides a different type of cuisine compared to the Taco Truck. While the Taco Truck focuses on Mexican food, the Fish and Chips Truck specializes in seafood. However, both food trucks target customers who are seeking quick and convenient meals on the go, making them indirect competitors.
Similarly, the Walk-up Mexican Food stand is considered indirect competition because it also offers Mexican food but operates in a different format. Unlike the mobile food trucks, the stand is stationary and doesn't have the mobility aspect. However, it caters to customers looking for Mexican cuisine and offers a similar dining experience to the Taco Truck.
On the other hand, option B (local Taco Bell franchise) and option D (local Burger King franchise) would be considered direct competitors as they both operate in the fast food industry and offer similar types of food as the Taco Truck. These franchises have established brick-and-mortar locations and compete directly with the Taco Truck for customers seeking fast food options.
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The GUI is an index used by the OS to manage computer files,
O False
O True
Answers
Answer: I think it's true
What do you like and dislike about this corporation?
Answers
Answer:
Like:
Discuss a positive aspect of your previous role.
Talk about tasks and situations when highlighting your dislikes.
Acknowledge the current status of your job situation.
Discuss your potential and skills that show your qualifications for the job.
Dislike:
Lack of Communication. The biggest problem with any relationship is lack of
communication. ...
Unfair Pay. ...
No Job Security. ...
Under Appreciation. ...
Favoritism. ...
Overworked. ...
Micromanagement. ...
Incompetent Managers
Anish is an employee of a new company. As such, Anish is a Multiple Choice a. shareholder. b. stakeholder c. customer d. venture capitalis
Answers
Anish is an employee of a new company. As such, Anish is a stakeholder. The correct option is b. stakeholder.
A stakeholder is any individual or group that has an interest in a company and can affect or be affected by the company's actions. Employees are considered stakeholders because they have an interest in the company's success and can be affected by its decisions.
Shareholders, on the other hand, are individuals or groups that own a portion of the company's stock. Customers are individuals or groups that purchase the company's products or services. And venture capitalists are individuals or groups that invest in start-up companies in exchange for an ownership stake.
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does anyone have a way or trick on using like blocked websites on a school chromebook?
Answers
The mean number of errors per page made by a member of the word processing pool for a large company is thought to be 1.8 with the number of errors distributed according to a Poisson distribution. If a page is examined, what is the probability that more than two errors will be observed?
Answers
Answer:
The probability will be "0.26938".
Explanation:
The given value is:
Mean
\(\mu = 1.8\)
By using Poisson probability formula, we get
⇒ \(P(X = x) = \frac{ (e-\mu\times \mu x )}{x!}\)
⇒ \(P(X > 2) = 1 - P(X \leq 2)\)
⇒ \(1 - (P(X = 0) + P(X = 1) + P(X = 2))\)
⇒ \(1 - (e-1.8 * 1.80) / 0! + e-1.8 * 1.81) / 1! + e-1.8 * 1.82) / 2! )\)
⇒ \(1 - 0.73062\)
⇒ \(0.26938\)
Examine the supply and demand schedules for cell phones. How much would
a seller charge if he or she wanted to sell cell phones for their equilibrium
price
Answers
Answer: $400
Explanation:
What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Answers
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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