Explain the trainees are rated as unsatisfactory

Assignment Help Business Economics
Reference no: EM1364236

Over a long period of time in a large multinational corporation, 10% of all sales trainees are rated as outstanding, 75% are rate excellent/good, 10% are rated satisfactory, and 5% are considered unsatisfactory. Find the following probabilities for a sample of n = 10 trainees selected at random:

(a) Two or more are rated as outstanding. (b) None of the trainees are rated as unsatisfactory.

(c) Two are rated outstanding, six are rated excellent/good, one is rated satisfactory, and one is rated unsatisfactory.

Reference no: EM1364236

Questions Cloud

Compute future value of sinking fund : Gordon Company issued $1,000,000, ten year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5 percent yearly interest.
Find the charge per unit area on the plastic sheet : A certain car is capable of accelerating at a rate of 0.63 m/s2. How long does it take for this car to go from a speed of 56 mi/h to a speed of 60 mi/h.
Estimating proportions based on observations : how many total observations do you need to estimate the proportion of time Sgt. Nimble spends doing paperwork?
Controversial public policy issue : What are the privacy requirements under HIPAA? Explain why confidentiality of health information has been a controversial public policy issue.
Explain the trainees are rated as unsatisfactory : Find the following probabilities for a sample of n = 10 trainees selected at random. Two or more are rated as outstanding. None of the trainees are rated as unsatisfactory.
Determine number of observations : As a class project you have been asked to project the proportion of time a professor spends on various activities. You have decided to use the work sampling method. Your initial observations are shown.
Specific measures for mrsa control : Suggest a plan with specific measures for MRSA control using the information you obtained . Use the following questions to create your disease control plan:
Components of break-even analysis : The change in the value of the objective function per unit increase in the value of the right hand side is referred to as:
Research and development and pate : Determine how the costs in (a) and (b) should be presented on Erin's financial statements as of December 31, 2008. Also determine the amount of amortization of intangible assets that Erin should record in 2008 and 2009.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd