CHAPTER 1 MACROECONOMIC SITUATION After an impressive growth performance for almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability
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Assignment Q1Find the parameters of binomial distribution when mean=4 and variance=3. Q2. The output of a production process is 10% defective. What is the probability of selecting exactly two defectives in a sample of 5? Q3. It is observed that 80% of television viewers watch “Boogie-Woogie” Programme. What is the probability that at least 80% of the viewers in a random sample of five watch this Programme? Q4. The normal rate of infection of a certain disease in animals is known to
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I found the concept on frequency distribution using Google and the search words “frequency distribution” at http://www.mathsisfun.com/data/frequency-distribution.html This website is geared towards younger people and therefore breaks down frequency distribution into very basic terms: values and their frequency (how often each value occurs). The website uses the example of a child’s soccer team and how many goals they scored in recent games. For the assignment this week‚ I have chosen to use the
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Macroeconomics Exam 1 Instructor: Prof. Phelps Name: Results: Class: Period: Date: Read each question carefully then circle the correct answer. When you are finished transfer the answers to the Scantron sheet. Make sure that you enter your name on both the exam and the scantron sheet. You have 1 hour to complete the exam. 1. For economists‚ the word "utility" means: a) versatility and flexibility. b) rationality. c) pleasure or satisfaction.** d) purposefulness
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Macro-environmental trends. This portion requires you to discuss and analyse the impact on the industry of the following factors (in case the industry competes in overseas markets‚ your analysis should have a corresponding dimension): · Social‚ cultural‚ demographic and environmental forces; · Political‚ governmental and legal forces; · Technological forces; and · Economic forces. Macro-Environment Definition Major external and uncontrollable factors that
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UK operation in Europe. For start the author will be analysing all macro environment which has direct impact on UPS operation to be able to understand fully the potential implication of UK stepping out of EU. The methodology has been created to support the analysis and involves PESTLE and SWOT analysis‚ but also five performance objectives and Porter’s five forces. As stated above this report will be a pure macro analysis‚ which means that author will be analysing all external factors which
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MODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS © International Trade Centre‚ August 2010 Model Contracts for Small Firms: International Distribution of Goods Contents Foreword Acknowledgements Introduction Chapter 1 International Contractual Alliance Introduction ITC Model Contract for an International Contractual Alliance Chapter 2 International Corporate Joint Venture Introduction ITC Model Contract for an International Corporate
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Case Analysis Of “The Fashion Channel” Introduction and Problem Definition The Fashion Channel case illustrates the development of market segmentation options in implementing marketing strategies in a changing competitive environment‚ and demonstrates how quantitative analysis may be used to support a strategic marketing decision. The Fashion Channel (TFC) was a widely available niche cable network which only offers fashion-oriented programming. It was very successful until other regular networks
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Distribution of Income • The fifth macroeconomical goals to ensure that income distribution is equitable. Equitable means fair‚ but fairness is an elusive concept and it means different things to different people. • A more equitable distribution may help to accelerate growth and promote human and economic development in many ways: • The propensity to consume of the poor is higher than that of the rich so redistribution will increase aggregate demand especially for basic goods and services.
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The Significance of Achieving Macro-Economic Aims Governments are aware of the fact that achieving key macro-economic aims would act as an effective driving force in propelling an economy to a new era of welfare. There are 5 macro-economic aims‚ however‚ three are considered to be of enormous significance in the early stages of establishing a prosperous period. The first macro-economic aim which requires imperative attention is ‘Economic Growth’. Economic Growth refers to the
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