Measures of temperature using the Fahrenheit scale is an example of ________ data
A) nominal
B) ordinal
C) interval
D) ratio
C
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A problem with gross national income estimates that, to compare them, the GNIs in local currency must be converted to a common currency by using an official exchange rate, and that may not accurately reflect domestic purchasing powers of currencies.
Answer the following statement true (T) or false (F)
What is the probability that there are more than 3 breakdowns?
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20. No. of breakdowns per week Probability Cumulative probability 0 .10 .10 1 .25 .35 2 .36 .71 3 .22 .93 4 .07 1.00 A) .07 B) .10 C) .22 D) .25
The total cost formula is TC = DP + QIP
2 + DS Q . Which of the following is true at the Economic Order Quantity? A) EOQ = QIP 2 B) QIP 2 = DS Q C) EOQ = DS Q D) DP = QIP 2
Describe the different types of budgets. Provide examples for each type.
What will be an ideal response?