Suppose the next three random numbers were .18, .89 and .67. How many customers would have arrived during this 30-minute period?
A bakery is considering hiring another clerk to better serve customers. To help with this decision, records were kept to determine how many customers arrived in 10-minute intervals. Based on 100 10-minute intervals, the following probability distribution and random number assignments developed.
Number of Arrivals Probability Random numbers
6 .1 .01 - .10
7 .3 .11 - .40
8 .3 .41 - .70
9 .2 .71 - .90
10 .1 .91 - .00
A) 22
B) 23
C) 24
D) 25
Answer: C
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For the manufacturing business, inventory which is in the process of being manufactured is referred to as:
A) supplies inventory B) work in process inventory C) finished goods inventory D) direct materials inventory
________ refers to the probability, and magnitude, of downside loss.
A. Reward B. Liability of newness C. Technology error D. Risk
The EPA was created by the government to develop new and improved ways to clean and improve the environment.
Answer the following statement true (T) or false (F)
An investor with a low propensity for risk would avoid investments with high risk premiums
Indicate whether this statement is true or false.