The random variable X is normally distributed with mean of 80 and standard deviation of 10 . What is the probability that a value of X chosen at random will be between 70 and 90?
P(70 < x < 90) =0.683
RATIONALE: In a normal distribution, 68.3% of the values are within plus or minus one standard deviation of the mean.
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After returning home from a trade show, Mr. Jones, the president of a manufacturing company, called a meeting of his production department. He indicated that the company would soon be implementing a new policy of _______, which focuses on worker performance and urges employees to strive for zero defects.
A. quality assurance B. constancy of purpose C. redesign D. scientific management E. the total quality movement
In joint-product costing and analysis, which of the following costs is relevant in the decision when a product should be sold to maximize profits?
a. Separable costs after the split-off point b. Joint costs to the split-off point c. Sales salaries for the production period d. Costs of raw materials purchased for the joint process.
Under the doctrine of strict liability, a plaintiff cannot recover punitive damages for reckless conduct of the defendant
Indicate whether the statement is true or false
Enumerate at least four actions that managerial leadership can take to mobilize the effort for excellence in strategy execution.
What will be an ideal response?