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Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given
explain the characteristics of statistics
A machine is used for machining of a manufactured product. At the beginning of each business day inspection reveals the machine's condition. There are three possible states: 0, 1 a
Question 1: A mail-order firm has a circular which elicits a 10% response rate. Suppose 20 of the circulars are mailed as a market test in a new geographic area. Assuming that
a survey of grocery revealed 40 percent had a pharmacy, 50 percent had a floral shop, and70 percent had a deli. suppose 10 percent of the stores have all three departments, 30 perc
Why index numbers serve as economic barometers?
Problems and solutions in marginal costing
is about deductions
A coin was flipped twenty times and landed on heads fifteen times. If the coin was balanced fair what is the probability of a head on the next toss
Discuss the various functions of Accounting
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