The binomial probability distribution is most symmetric when
a. n is 30 or greater
b. n equals p
c. p approaches 1
d. p equals 0.5
d
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Suppose a country has a population of 76 million, of which 53 million are in the working-age population. Of those, 3 million are unemployed and 46 million are employed. a.Calculate the number of people who are in the labor force.b.Calculate the number of people who are not in the labor force.c.Calculate the labor-force participation rate.d.Calculate the unemployment rate.
What will be an ideal response?
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps banks to ________
A) reduce the rate of customer defection B) make low-profit customers more profitable C) enhance the growth potential for each customer through cross-selling D) increase the longevity of the customer relationship E) focus disproportionate effort on high-value customers
A pharmaceutical company has disclosed a list of side effects of its new prescription drug. A consumer who takes the drug in the right doses suffers from one of these side effects and sues the company for product liability
Which of the following would be the pharmaceutical company's defense in this lawsuit? A) The consumer was injured due to a supervening event. B) The consumer had assumed the disclosed risks when purchasing the drug. C) The side effects suffered by the consumer were generally known dangers of the drug. D) The consumer abnormally misused the drug.
Craigmont Company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead costs total $5,000,000. Its prime costs total:
A. $12,000,000. B. $8,000,000. C. $15,000,000. D. $10,000,000. E. $5,000,000.