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Several intelligence tests follow a normal distribution with a mean of 100 and a standard deviation of 15.
(A) Determine the percentage of the population that would obtain a score between 95 and 110.
(B) MENSA (a high IQ society) allows individuals sto join if they are in the top 1% of the IQ distribution. What score would you have to score in order to be able to join MENSA?
(C) For a population of 2,500, how many are expected to have a score above 125?
(D) What interval centered at a score of 100 contains 50% of the population? [This is tricky and extra credit -- just think it t hrough]
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Perhaps the best known quotation of Roosevelt's was "The only thing we have to fear is fear itself". How does the thought behind that quotation fit into the provision of Federal deposit insurance? How does it relate to the response by governments ..
Why are secured loans an important method of lending for financial institutions?
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What are the components included in each of the three (3) types of inventory in a manufacturing operation?
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Why do you think the choice of entry mode (joint venture) suits the company in terms of scale, risk level, return level, control level and intergration level (level of integrating with local market)?
PC Calculators sells calculators that it purchases for $15 each. It costs PC $60 each time calculators are ordered, and carrying costs are 20 percent of the calculator's purchase price. Annual demand is 100,000 calculators.
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