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The Business department has eight faculty members, six of whom are tenured. Dr. Smith, the chairman, wants to establish a committee of three department faculty members to review the curriculum. If he selects the committee at random:
a) What is the probability all members of the committee are tenured? (Round the final answer to 4 decimal places.)
b) What is the probability that at least one member is not tenured? (Hint: For this question, use the complement rule.) (Round the final answer to 4 decimal places.)
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Irving owns a chain of movie theaters. He is considering whether he should build a new theater downtown. The expected rate of return is 15 percent per year. He can borrow money at a 12 percent interest rate to finance the project. Should Irving pr..
The 68-95-99.7 rule states that in a normal distribution: a. The probability of a random value to be within 2 standard deviations above the mean is 95%.
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Examine Dell's customer service and technical support and whether or not it yields satisfied customers. Examine whether or not Dell's strategy can be supported over time thus, providing a sustained competitive advantage in the marketplace.
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