On the average, 6.7 cars arrive at the drive-up window of a bank every hour. Define the random variable x to be the number of cars arriving in any hour
a. What is the appropriate probability distribution for x? Explain how x satisfies the properties of the distribution.
b. Compute the probability that exactly 5 cars will arrive in the next hour.
c. Compute the probability that no more than 5 cars will arrive in the next hour.
a. Poisson; it shows the probability of x occurrences of the event over a time period.
b. 0.1385
c. 0.3406
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When share options are exercised by an employee under a compensatory share option plan, the issuance of the common stock is recorded at the
A) amount of cash received. B) amount of cash received less the previously recorded value of the options received. C) amount of cash received plus the previously recorded value of the options received. D) market price minus the share option price.
An example of an external document would include which of the following?
a. Vendor invoices. b. Customer orders. c. Confirmation replies from customers. d. All the above.
Briefly explain McClelland's acquired needs theory. How should managers use this model to motivate employees? What do you think your levels are of the needs that McClelland identified, and why do you think that?
What will be an ideal response?
Which of the following is included in the category of other receivables?
A) interest receivable B) accounts receivable C) notes receivable D) investments