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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.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
Illustrate what is the value of goods and services purchased by the government of Numidia.
Illustrate what is the value of the equilibrium exchange rate. Assume the demand for dollars increases by 300 billion at each exchange rate.
Elucidate why your answer to part (a) is an example of marginal analysis also optimizing behavior in general.
Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units every hour
How will this technological advance impact production and pricing plans. How it will impact BlackSpot's profit.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
demonstrate the maximum amount of corn which can be grown using the existing production technology. For the next several troubles, ignore the vertical axis.
Will the brothers gain if they specialize. Illustrate your answer with an example.
If the price level remains constant by Explain how more will real output increase.
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