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Problem:
a. According to a Business week poll of 1035 adults, 40% of those surveyed agreed strongly with the proposition that business has too much power over American life (Business Week, September 2000). Assume this percentage is representative of the true population. In a sample of 10 individuals taken from the population, what is the probability that at least five of these individuals will feel that business has too much power over American life?
b. Suppose phone calls for assistance arrive at a rate of 48 per hour at the complaints desk of a company's after sale service department.
i. Compute the probabilities of receiving exactly 10 calls, 15 calls and 20 calls in 15 minutes.
ii. Suppose no calls are currently on hold. If the agent takes five minutes to complete the current call, how many callers do you expect to be waiting by that time? What is the probability that: (a) none and (b) exactly two will be waiting?
iii. If no calls are currently being processed, what is the probability that the agent can take three minutes for personal time without being interrupted by a call? What is the probability that he will receive only one call during these three minutes?
Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the doo
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A pharmaceutical company is a monopoly in Alzheimer's disease drugs and faces the following inverse demand curve: , where α is the level of advertising. Its marginal production
IFRS has a lot of advantages over the other accounting standards - Provides consistency Ensures better comparability across organizations across the globe Decreases the c
a manufacturer claims that 60% of beer drinkers perfer his beer. A query with 30 beer drinkers selected at random showed that 16 of them prefer this brand.(a.)Does the evidence sup
Give a brief discussion of the existing traditional method of absorbing overheads
A source of electrical power. A device or system which delivers electrical and or other types of energy to a corresponding device or system. Are commonly referred to as PSU (Power
1. Stock A and B have the following probability distributions: ECONONOMY PROBABILITY K(A) K(B) Boom
discuss the considerations to be borne in mind when constructing index numbers
To history income and expenditures/expenses when they connect with the identification requirements of the finance form engaged regardless of when the money action happens.
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