If a continuous random variable is said to be exponentially distributed, what would be the easiest way to reduce the standard deviation?
What will be an ideal response?
The standard deviation of an exponential distribution is equal to the mean (1/?) so the easiest way to reduce the standard deviation is to reduce the mean. This would be done by increasing ?.
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Under the Uniform Commercial Code, some of the benefits of warranties extend to persons who did not themselves purchase the particular defective goods.
Answer the following statement true (T) or false (F)
Leigh is trying to buy a used car. She knows she will need a certain amount of money to fix the car up the way she wants it afterward, and for that reason she wants a reduction in the price. However, Brent, the car salesperson, wants the maximum price he can get for the car and tells her to take it or leave it. This is known as ______.
A. accommodating bargaining B. assimilative bargaining C. distributive bargaining D. competitive bargaining
U.S. GAAP classifies all of the following as investing activities on the statement of cash flows except for
a. cash inflows from selling manufacturing equipment. b. cash outflows from purchasing bonds (intended to be held to maturity) of other entities. c. cash outflows to lender for interest. d. cash inflows from selling a (long-term) portfolio of equity securities of other entities. e. cash outflows from buying manufacturing equipment.
Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of an opportunity?
A. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors. B. Recent consumer studies have indicated that Chinese consumers prefer American cars. C. The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices. D. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded. E. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity.