A paint manufacturer's production process is normally distributed with a mean of 100,000 gallons and a standard deviation of 10,000 gallons

Management wants to create an incentive bonus for the production crew when the daily production exceeds the 94th percentile of the distribution. At what level of production should management pay the incentive bonus?


Answer: z = 1.56, so the incentive level is 115,600 gallons.

Business

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Many people who signed up for adjustable-rate mortgages during the sub-prime mortgage debacle were no longer able to afford their payments. Many of these people were misled by their lenders. Which financial principle from Chapter 1 most applies?

A) The best protection is knowledge. B) Mind games, financial personality, and your money C) Stuff happens, or the importance of liquidity. D) The time value of money

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Explain how HIPAA protects individual's health records?

What will be an ideal response?

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A systems development methodology created to radically decrease the time needed to design and implement information systems best describes:

A) Participatory Design (PD). B) rapid application development. C) joint application design. D) CASE. E) Agile Methodologies.

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Strategic partnerships are collaborative relationships between two or more organizations in which they combine their resources and capabilities for some business purpose.

Answer the following statement true (T) or false (F)

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