The time between arrivals of customers at the drive-up window of a bank follows an exponential probability distribution with a mean of 10 minutes
a. What is the probability that the arrival time between customers will be 7 minutes or less?
b. What is the probability that the arrival time between customers will be between 3 and 7 minutes?
a. 0.5034
b. 0.2442
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The actual and potential rival offerings and substitutes that a buyer might consider are referred to as the ________
A) supply chain B) global market C) value proposition D) competition E) marketing environment
As a new employee of an office supply superstore, Kevin has been told he will receive structured training. What does this mean?
A. Kevin will be in the initial training process for at least one year. B. Kevin will take a written test to determine if he has the skills needed to do the job. C. Kevin will acquire basic skills and knowledge needed to do his job. D. Kevin will learn from his mistakes by performing his job in a store. E. Kevin will be fired if he makes a mistake once he is at the job site.
Under which two approaches to international business will the human resource function be least affected?
a. Licensing and joint ventures b. Direct investment and strategic alliances c. Exporting and licensing d. Joint ventures and strategic alliances e. Exporting and direct investment
You are at a booth in a restaurant and find some tickets on the seat of the booth. These tickets
are to the opening Olympic ceremonies in Greece but contain no name or other indication as to whose they are. Which of the following could be crucial as to whether you or the restaurant would get the tickets? A) Whether the tickets are lost or mislaid property B) Whether the tickets have already been paid for or not C) Whether they are real or personal property D) Whether they are tangible or intangible property E) Whether the tickets are a treasure trove