Arrivals in a university advising office during the week of registration are known to follow a Poisson distribution with an average of 4 people arriving each hour
(a) What is the probability that exactly 4 people will arrive in the next hour?
(b) What is the probability that exactly 5 people will arrive in the next hour?
(a) P(X = 4 ) = 0.1954 (b) P(X = 5 ) = 0.1563
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Antitrust laws in the United States and other countries are designed to combat restrictive business practices and to discourage competition
Indicate whether the statement is true or false
Which of the following is most likely to involve in-depth surveying or observation of a few consumers who fit the profile of the "typical" customer?
A) data mining B) syndicated research C) exploratory research D) causal research E) descriptive research
If a bond discount is amortized using the effective interest method, the total amount of interest recognized over the life of the bond is the same as if the straight-line method is used.
Answer the following statement true (T) or false (F)
Nimble Numbers Accounting Corporation, a private employer, handles bookkeeping for small employers. In most circumstances, with exceptions, federal law clearly prohibits Nimble from subjecting its employees to
a. job-skills tests. b. monitoring of business communications. c. drug tests. d. lie-detector tests.