An airline has determined that 20% of its international flights are not on time. Use the normal approximation to the binomial distribution to answer the following questions. What is the probability that of the next 80 international flights
a. fifteen or less will not be on time?
b. eighteen or more will not be on time?
c. exactly 17 will not be on time?
a. 0.4443
b. 0.3372
c. 0.1071
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A channel consisting of one or more independent producers, wholesalers, or retailers, each seeking to maximize its own profits with little concern for other channel members, is a(n) ________
A) independent vertical marketing system B) conventional marketing system C) independent channel D) corporate vertical marketing system E) administered vertical marketing system
Answer the following statement(s) true (T) or false (F)
1. An organization with a strong culture is one whose core values are not embraced or shared by its employees. 2. Subcultures are groups in an organization that share different values from those held by the majority. 3. Symbols, artifacts of organizational culture, are defined as objects that express meaning about a culture. 4. Two artifacts of organizational culture, rituals and ceremonies, both mean the same thing. 5. Internal integration is the way an organization reacts to outside influences while external adaptation is the process of creating a shared identity among employees by adopting a common language, group boundaries, an accepted distribution of power and status, and norms of trust, rewards, and punishment.
An illusory promise is valid consideration
a. True b. False Indicate whether the statement is true or false
The ________ assumption states that transactions and events are expressed in money units.
Fill in the blank(s) with the appropriate word(s).