Answer: .5006 . Question 5 .5 out of 5 points An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph‚ both shown below. The random variable xi represents the number of complaints‚ and p(xi) is the probability of receiving xi complaints. xi 0 1 2 3 4 5 6 p(xi) .15 .1 .28 .20 .10 .10 .07 What is the expected number of complaints received per week? Round your answer
Premium Random variable Probability theory Normal distribution
Hypothesis: The local car dealership that offers in house financing has a large percentage of accounts that are past due because of the lenient credit profile they utilize to approve financing. A hypothesis is a statement that variables are assigned to the case. (Cooper & Schindler‚ 2011) In the above hypothesis the case is accounts past due and the variable is the lenient credit profiles that are utilized for approving finance. My hypothesis has adequacy for its purpose‚ is testable. I believe
Premium Finance Scientific method Stock market
volume with regard to inpatient days‚ number of emergency visits‚ number of unforeseen complications‚ number of additional unaccounted for testing procedures and so on. The many costs incurred by the healthcare organization can be classified as variable‚ fixed‚ or semi-fixed costs. Understanding the appropriate classification of these cost ’s behaviors serves management through providing specific process and product information necessary for a successful operation. The primary reason for defining
Premium Variable cost Costs Fixed cost
involves identifying the network of relationship among the variables considered important to the study .It provides the conceptual foundation to proceed further with the research. The theory is developed based on the documentation of previous research studies undertaken in the relevant study area or similar problems. Understanding the conceptual framework enables to postulate hypotheses and test the relationships. A testable hypothesis can be developed to examine whether the theory formulated is
Premium Scientific method Research
Independent Project Proposal Topic: Developing an Alternative and Cost Effective Model for Measuring Price Sensitivity Background of Students: • Avishek Chaudhuri‚ a Mechanical Engineer from IIT Kharagpur‚ has worked with The Associated Cement Companies Ltd. for two years as an Assistant Manager Maintenance. Currently‚ a second year student of the Post Graduate Program‚ 2004-2006 at IIM Ahmedabad‚ he did his summer internship with Lafarge Aluminates on business potential
Premium Pricing Price Marketing
Independent Consulting Agreement between International Relief and Development Inc. and VICTORIA GOTSCH This Consulting Agreement ("Agreement") is entered as of October 1‚ 2012 (the “Effective Date”)‚ between International Relief and Development‚ Inc. ("IRD")‚ located at 1621 N. Kent Street‚ Suite 400‚ Arlington‚ VA 22209‚ and VICTORIA GOTSCH ("Contractor")‚ located at‚ 1821 Marina Circle‚ North Fort Myer‚ Florida 33903 (together‚ the “Parties”). PREAMBLE 1. IRD wishes to engage Contractor‚ and
Premium Kabul Contract General contractor
Quantitative Techniques Lab 5 (Topic 3: Hypothesis Testing) ------------------------------------------------- Procedure for Hypothesis Testing Step 1: Formulate the null and alternative hypothesis. Draw the one-tail or two- tail test diagram. Step 2: Specify the level of significance. Determine the critical value (s). Step 3: Identify the test statistics to be used and calculate it. Step 4: Draw the conclusion. Formulae List Hypothesis Testing Test Statistics for Single Mean
Premium Arithmetic mean Statistical hypothesis testing Statistics
Prime cost. | B | Conversion cost. | C | Period cost. | D | Nonmanufacturing cost. | 2. | Prime cost and conversion cost share what common element of total cost? | A | Direct materials. | B | Direct labor. | C | Variable overhead. | D | Variable overhead. | 3. | On the Schedule of Cost of Goods Manufactured‚ the final Cost of Goods Manufactured figure represents: | A | the amount of cost charged to Work in Process during the period. | B | the amount of cost transferred
Premium Variable cost Costs Management accounting
Global Studies April 2012 Foreign Aid Foreign aid can be a wise investment as well as it can be a waste of money. The success of foreign aid depends on how it is used. As Kristof explains‚ foreign aid often lacks effectiveness‚ and depends on additional factors‚ such as governance. If money is just given to the governments of poor countries‚ chances are that it will be used “corruptly‚ ineffectively‚ and wastefully” (Kristof‚ 2006). A large sum of money alone cannot solve problems that stem
Premium Poverty
pertinently embodies the principle of legal aid. However‚ it was only when the colonial hangover of the Indian legal system was pointed by the committee for illegal aid and was stated that the shadow of the law created by the British to suit there convinces‚ has resulted in an insensitive system especially towards the socio-economic problems of the masses.[3] The rise of welfare state in the twentieth century has brought forward with it the concept of legal aid for those who cannot afford the cost of
Premium Lawyer Human rights Law