The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000 . What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $47,500?
a. 0.4332
b. 0.9332
c. 0.0668
d. 0.5000
c
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Decisions concerning whether to use a Bayesian or traditional sampling approach, to sample with or without replacement, and to use nonprobability or probability sampling pertain to which step in the sampling design process (Figure 11
1 in the text)? A) Determine the sampling frame. B) Select a sampling technique(s). C) Determine the sample size. D) Execute the sampling process.
In ______ decisions, employees will not find the answer they are looking for in the company handbook or policy guidelines.
A. nonprogrammed decisions B. executive decisions C. strategy decisions D. programmed decisions
The Crockery Pottery Company completed the flexible budget analysis for the second quarter, which is given below.
Which of the following would be a correct factor to explain the sales volume variance for sales revenue?
A) increase in sales price per unit
B) increase in sales volume
C) increase in variable cost per unit
D) increase in fixed costs
All of the following are advantages of decentralization EXCEPT ________.
A) duplication of costs B) frees top management time C) supports use of expert knowledge D) improves motivation and retention