An airline, in response to passenger concern, conducts realistic tests to determine the time needed to evacuate a Boeing 737 . Average evacuation time in the past has been 100 seconds with a standard deviation of 15 seconds. The FFA requires tests that
show a planeload of passengers can be evacuated in 92 seconds. If the airline conducts a sample of 30 tests, what is the probability that the average evacuation time will be ninety-two seconds or less?
0.0018
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In recessions, the short-term expected real interest rate usually
A. rises by about 4 percentage points. B. rises by about 2 percentage points. C. declines by about 2 percentage points. D. declines by about 4 percentage points.
In a cost-based pricing system, the markup should cover selling and administrative expenses and desired profit only
Indicate whether the statement is true or false
Which of the following business practices focuses specifically on designing the organization and setting up processes to respond quickly to changes in the environment?
A) benchmarking B) outsourcing C) focusing D) accelerating E) globalizing
Existing customers are more expensive to serve than new customers
Indicate whether the statement is true or false