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Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for n and p (binomial) or mu (poisson) for your example. Calculate the mean and standard deviation of the distribution for your example
Boston Electric Generators has been getting many complaints from its major customer, Home Station, about the quality of its shipments of home generators. Daniel Shimshak, the plant
1. How much of an impact does "maturity" level of the industry or company have on strategy? 2. Can you be innovative in a mature industry? 3. Can you be conservative in an in
Jeremy Moss's credit card was billed $450.00 by the Langford Inn. The charge was a "no-show" charge that resulted from Mr. Moss not arriving at the hotel on a night that "he" had r
Customer Needs - Business Strategy A key aspect of developing business strategy is the determination of customer needs and wants in the markets to be targeted. There are many
Ques: How can we make comparisons between the cost of a product in two different periods if salaries and cost of living may have changed? Ans: The average income is published in
a firm whether to make or buy a part required in its operation. cost and volume estimate are as follows annual fixed cost make $15000 buy none, variable cost make $60 buy $80, annu
Put the following business functions into a Functional Catalogue. 1. Sell products to customers 2. Determine which products to sell 3. Manage Equipment to hire Order produ
What value-added components must blockbuster incorporate into its current movie rental business to survive in the environment today?
Location Strategy It is difficult to set down rules whereby the problem of facilities location can be programmed but there are a number of factors which should be c
The Northern Emergency Computer Support has a call center with 10 customer service representatives. Historical statistics show that the durations of customer calls are exponentiall
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