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1. First, we should be clear about what is a variable and what makes it a random variable. A variable as the name indicates can vary meaning it can produce different outcomes. Thus color of a car is a variable since different cars can have different colors. For a variable to be a random variable, it requires that there is a given probability associated with each of those outcomes. Thus in a car dealership if we know all the different colored cars in stock, we can compute the probability of finding a particular color if we pick a car at random, The color of a car will then become a random variable. You have defined discrete and continuous variables. So, if our variable is likely snowfall on a given day, what type of variable will it be?
2. Provide an example of a discrete data in your work situation that at least approximately obeys the rules for the Binomial distribution.
During the marriage, Nancy took control over all of Kevin's financial enterprises and continually advised Kevin that she thought that his children and grandchildren were ungrateful and disrespectful. The week before he died, he executed a will tha..
What specific benefits should a hospital, clinic, and physician office look for in an EHR? Research the concerns healthcare organizations (globally or nationally) have had with implementing an EHR. Are there any common threads?
Explain what impact will flexible work schedules have on employees commitment to their employers? On employee productivity? On company effectiveness?
Develop a business operations plan including location, facilities, equipment, technology, and operational controls. Identify key operating metrics to focus attention on important day-to-day issues.
When building a new organization or when an organization experiences dramatic growth, leaders must determine the structure and culture of the organization. Although the culture will evolve over time and each individual that joins the new organizat..
The growth versus economic welfare debate is related to the dilemma of how to provide basic human needs without sacrificing growth.
Discuss how macro level factors in an external environment could have or already has, impacted the structure of the cell phone industry in the global marketplace.
The conventional wisdom says the 1999-2006 residential real estate "bubble" in the U.S. and the subsequent collapse of global financial markets were caused by a failure of the free market. What's wrong with that assertion?
important information about motivation in the workplaceyou want production employees at your company to be more
What are the two possible attributions of poor performance? What are the implications of each? How can managers and supervisors best provide useful performance feedback?
estimate that each consumer spends 2.5% of their yearly income on your product/service.- estimate that consumer will be spend at least 80% of their clothes elsewhere.- Calculate Tshepo's market share.
Select one of the following entities; Google, Yahoo, DropBox or Amazon. Briefly, describe the entity's underlying business model. Possible approaches for the analysis of the entity's underlying business model include Balanced Scorecard style appro..
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