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Two international students were talking in the wake of the Singapore Air disaster a few years ago. The first student said she had been intending to fly Singapore Air for the semester break, but wasn’t going to now that there had been an accident! The second said, “But it should be extra safe now. The chances of it crashing again so soon are very small.” If the likelihood of an airplane crashing follows a Poisson distribution, what are these students forgetting about a Poisson random variable?
a. 0 The Poisson random variable is discrete.
b. 0 The number of trials must be at least 30.
c. 0 The outcome of each trial is one of two mutually exclusive categories.
d. 0 The results of one trial are not dependent on the results of the other trials.
According to the text, all of the following might make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation except:
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How much cooling will be required on the industrial recipe scale of 1000 kg? Allow a safety margin of 20%.
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