A manufacturing process produces items whose weights are normally distributed. It is known that 22.57% of all the items produced weigh between 100 grams up to the mean and 49.18% weigh from the mean up to 190 grams. Determine the mean and the standard deviation
Standard deviation = 30 Mean = 113
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Answer the following statements true (T) or false (F)
1. In the planning/control cycle, carrying out the plan is one of the control steps. 2. Managers must be willing to make large, painful decisions to suddenly alter strategy. 3. In a world of rapid and discontinuous change, the ability to please nonmanagerial employees has been called the golden trait among managers. 4. A business plan is a document with the purpose of outlining a proposed firm's profit and loss statements for its first operating cycle.
The quality of receivables refers to:
A. The method of collection. B. Sales turnover. C. The likelihood of collection without loss. D. The creditworthiness of sellers. E. The interest rate.
A mobile telephone company charges a base fee plus additional minutes for data usage. What revenue model is demonstrated in this example?
a. contractor revenue model b. utility and usage revenue model c. professional revenue model d. franchising revenue model
Which of the following observations concerning different measures of national income is true?
A. The less-developed nations account for the biggest share of the world's GDP. B. GDP is the only measure of national income. C. GDP does not include income earned by foreigners who own resources in that nation. D. Using GNI can give the impression that people in less-developed countries have more income than they really do. E. GNI per capita is a useful figure because it gives some idea of the income level of people in the country.