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Dwight keeps only red and blue pens in each of the 3 draws in his desk. Each draw contains exactly 8 pens in total. There are 4 blue pens in the top draw, 3 blue pens in the middle draw and 7 blue pens in the bottom draw. Dwight is lazy and anytime he needs to get a pen, 67% of the time he chooses the top draw, 19% of the time he chooses the middle draw and the rest of the time he chooses the bottom draw.
Today Dwight selected a red pen. What is the probability that it came from the middle draw? Give your answer as a probability between 0 and 1.
What is the difference between a small business owner and an entrepreneur and Which are you or do you aspire to be?
Consult recent annual reports and Internet sources to find out what new products that company has brought to market in the past year or two. Are those products truly new innovations, or are they simply extensions of existing products? What considerat..
What is ecosystem balance? Which reduction factors and which growth factors impacted ecosystem balance in Episode 1?
$600 are deposited into an account monthly for six years at an interest rate of 7% compounded monthly
Hampton Industries had $60,000 in cash at year-end 2015 and $17,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $240,000. Cash flow from financing activities totaled +$190,000. Round your answers to the near..
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
Most doctors would probably agree that a Mediterranean diet, rich in vegetables, fruits, and grains, is healthier than a high-saturated fat diet. Indeed, previous research has found that the diet can lower risk of heart disease. What percentage of pe..
Illustrate why did official money lose its meaning in Germany during the 1920s. What did the German government do or not do.
Using the Taylor Rule, calculate the Fed Funds target rate, given the information below. (Note: Enter your answer to the nearest two decimal places, and DO NOT INCLUDE a percentage sign. Ex.: If your calculated answer is 3.7543, enter 3.75): -equilib..
Classical economists believe that. keynesian economists believe that. In dealing with the "great recession", the obama administration has largely followed the policies of ____________
U.S. dollar import prices, however, often rise less than the increase in the currency value of the exporter. Why? Explain with examples.
The treasurer of a firm noted tha many invoices were received with the following terms of payment: "2%- days, net 30 days." Thus, if the bill is paid within 10 days of its date, he could deduct 2%. Or the full amount would be due 30 days from the inv..
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