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What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not.
An oil change shop advertised to change oil within 15 minutes. Based on the data collected on a typical day, what is the probability that oil change will take 15 minutes or less time? Based on the data, do you think the business claim is valid? Explain why or why not.
What are the characteristics of standard normal distribution? The HR department of an organization collects data on employees' age, salary, level of education, gender, and ethnicity. Which data do you think is more likely to follow normal distribution? Explain why.
Should a company make a decision based solely on probability instead of doing a research study? Justify your answer.
What are some conditions under which business decisions are made using subjective probability concepts? Provide at least two examples of subjective probability.
What is the role of probability concepts in business decision-making? Provide specific examples.
Define the decision variables and write the linear program appropriate for maximizing monthly profit contribution. What is the optimal solution?
Discuss how the news audience has changed from the 1970's until now. Do you feel that Americans can still find unbiased news anywhere today? why or why not?
Which of the following statements is INCORRECT regarding the continuous-review and periodic-review inventory control models?
Imagine you are an administrator in a small, rural mental health facility, and you are dealing with a growing trend in mental illnesses in your community. Outline a plan to assess the ability to provide services to your mental health patients.
research at least two available erp products from two different vendors and in a 2- to 3-page microsoft word document
Examine service categories commonly provided by nursing homes. Determine two specific service categories that you believe are common factors of competition among nursing homes. Justify your response.
Would you rather work at an informal or formal organization? Explain why you find the characteristics of one more appealing than the other. Provide personal examples of how the informal organization differs from the formal organization in the areas o..
Which process step has the highest capacity? d. If the wage rate is $ 36 per hour per person, what is the direct labor cost per unit?
What qualities do you think supervisors take into consideration when choosing whom to give a promotion to at work?
Describe the overall goal of a supply chain. Describe the difference between a supply that is responsive (service) and a supply chain that is efficient. Can a supply chain be both
write an executive summary identifying appropriate design approaches for a selected product and service.a pick one
You have just used the capability index (Cpk) formulas to compute the two values "min [2, 2.5]." Which of the following is the proper interpretation of these numbers?
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