If x is normally distributed with a mean of 10 and a standard deviation of 3, then P(x ? 6) is equal to P( Z ? _____)?
Fill in the blank with correct word.
Answer: -4/3
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When must an insurable interest exist for life insurance and property insurance, respectively?
A) At the time of policy issuance, and at the time of loss B) At the time of policy issuance, and at the time of payment of the premium C) At the time of policy issuance for both life insurance and property insurance D) At the time of loss, and at the time of policy issuance E) At the time of loss for both life insurance and property insurance
Briefly describe an inferential data mining tool, an associative data mining tool, and a comparative data mining tool
What will be an ideal response?
An entrepreneur employs 20 people, whom he supervises personally. However, within a few years the company will likely employ over 200 people in production, sales, engineering and administration due to the growing success of the company's new products. The entrepreneur likes the current structure and wants to avoid other forms of departmentalization. Explain why the entrepreneur should consider other forms of departmentalization as the company grows larger.
What will be an ideal response?
Geminia Systems, a manufacturer of car components, wants to set up a system that will help in sending invoices to its customers once orders for input supply are placed. Which of the following should the company use to perform this function?
A. Computer-aided design system B. Lean production C. Just-in-time inventory system D. Electronic data interchange E. Social networking