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You are traveling abroad and have only American dollars with you. You are currently in the capital but you will soon be heading out to a small town for an extended stay. In the town, no one takes credit cards and they only accept the domestic currency (shillings). In the capital, you can convert dollars to shillings at a rate of two shillings per dollar. In the town, you learn that one dollar only buys 1.6 shillings. Upon your return to the capital at the end of your trip, you can convert shilligs back to dollars at a rate of 2.5 shillings per dollar. You estimate that your expenditures in the town will be normally distributed with mean of 400 shillings and standard deviation of 100 shillings.
a. How many dollars should you convert to shillings before leaving the capital?
b. After some thought, you feel that it might be embarrassing if you run out of shillings and need to ask to convert additional dollars, so you really do not want to run out of shillings. How many dollars should you convert to shillings if you want to ensure there is no more than a 1 in 200 chance you will run out of shillings?
Explain how cultural diversity can affect the effective functioning of virtual teams operating in a global economy.
illustrate at what center of gravity coordinates should the new store be located. Census tracts 103 and 105 are each projected to grow by 20% in the next year. Explain how will this influence the new store's coordinates.
What is the difference between compensatory damages and consequential damages? Provide at least one relevant example of each that was not included in your textbook.
A decision maker is interested in estimating a population proportion. A sample of size n = 150 yields 115 successes. Based on these sample data, construct a 90% confidence interval estimate for the true population proportion.
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what is the name of the principle that holds that B cannot simply sue A for breach, but must first make a reasonable attempt to find someone else to perform as A was supposed to have done?
Why do you think risks are often overlooked in Project Management? Please give an example to support your reasoning.
Education is often used as an indicator of a person's socioeconomic status. Historically, the number of years of schooling completed has been recorded in the census of population as a measure of education.
You use a lot of heavy cast gray iron parts in your furniture manufacturing business and you have an American supplier who does not give you very good service.
a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?
The processing cost per check depends on the site, as listed below. Each day 5000 checks of each type must be processed. Conclude explain how to minimize the daily cost o processing checks utilizing Excel. Explain how did Jim conclude which the pr..
Using your Parnell Strategic Management textbook, please answer the following questions about Texas A&M University-Commerce.
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