400 28000 $50 29 1‚450 72500 $100 1 100 10000 Total 1000 5‚970 129520 a. b. c. The probability that a bar containing $50 or $100 bill is purchased is 30 / 1000 = 0.03 Hence customer have to buy 100 bars of soap‚ so that he or she has purchased three bars containing a $50 or $100 bill. d. Given n=1000‚ E(X) = 5.97‚ SD(x) = 9.68912 The probability that a soap contains a bill of $20 or above is 100 / 1000 = 0.0.1 Binomial with n =8‚ p = 0.1 Hence the probability that
Premium Probability theory Variance Normal distribution
Decision-making is something that occurs in the lives of people every day‚ just as it is with ethical decision making. The only difference is that in this case‚ decision-making is more general than ethical choice. Consequently‚ people are faced with instances when they have to make decisions in their day-to-day lives. The story by Chopin presents a situation where everything that people are doing are surrounded by making decisions (Chopin *). For instance as already discussed‚ the protagonist is
Premium Decision making Decision theory Decision making software
communities. DeBlasio would be dealing the important issues which are Education‚ Economy/Jobs and Crime/Safety. DeBlasio plans on taking care of education by increasing parental engagement by including changes that require more information on the way co-locations will impact programs for students with disabilities in the building‚ establishing additional venues for parents to relay their concerns. Also Bill DeBlasio will fight against the unfair closure of struggling schools by creating specific
Premium Investment Hedge fund Bullying
from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job‚ his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools‚ he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools‚ to get class credit for the internship‚ no salary can be paid. Other than internships‚ neither school will allow its students
Premium High school Master of Business Administration Income
Decisions‚ Decisions Life is all about decisions. No matter how big or small‚ those decisions will affect the direction of one’s life. However‚ decisions‚ especially important ones‚ must be well thought out‚ otherwise‚ regret and/or sorrow will follow. There is no going back on already made decisions and there is no “fixing” them either. Teenagers are known to make dumb decisions. Fortunately‚ independent decision making is all a part of growing up. However‚ as a teenager‚ it seems hopeless
Premium Friendship Decision making Adolescence
and Duke do not have a copyright in their business name yet until they register their business name under the registration of trademarks. They can first search the Register of Trade Marks before registering their business name‚ to check that the name has not been registered by someone else as a trade mark. Once they have registered their business name as a trademark‚ then they will have exclusive rights to use or control the mark. 5. Kenny and Duke must also obtain an Australian Business Number
Premium Property Ownership Property law
tutor sessions or after-school classes. A good example of a program that does this is The Slyvian Center because they have tutors there for those that are middle school through high school to help them in the courses that they need improvement in. There are several social issues that the United States needs to address. Some of those issues include racial tensions‚ elderly care‚ poverty‚ homelessness‚ and unemployment. Racial tensions have been going on for many years. I think that over recent
Premium United States Unemployment
Scenario: USASuperCars sells luxury sports cars. It has just signed a contract to sell‚ in a years’ time‚ a batch of these cars to various customers around the globe. The following table shows the orders of five customers. The selling prices are fixed and in local currencies at the exchange rate prevailing at the time of the delivery. Of course there is uncertainty in the exchange rates‚ and in order to cope with this uncertainty estimates as well as standard deviation of these have been provided
Premium Risk United States dollar Measurement
FALL 2011 Decision Support System and Managerial Decision Making Prof. Hassan Qudrat-Ullah Due Date: December 8‚ 2011 By: Farazeh Khalid Mian Abhishek Sahi Table of Contents SECTION NUMBER | SECTION NAME | PAGE NUMBER | | Abstract | 3 | 11.11.2 | IntroductionWhat is decision making? What is a Decision Support System? | 3‚ 44‚ 5‚ 6 | 22.12.22.3 | Literature Review DSS in the business environmentImportant attributes of the Decision Support SystemCapabilities
Premium Decision theory Decision making Decision support system
Case Problem RC Coleman Activity Description Immediate Predecessor A Determine equipment needs - B Obtain vendor proposals - C Select vendor A‚ B D Order System C E Design new warehouse layout C F Design warehouse E G Design computer interface C H Interface computer D‚F‚G I Install system D‚F J Train system operators H K Test system I‚J (a) (m) (b) Time Activity Optimistic Most Probable Pessimistic A 4 6 8
Premium Normal distribution Probability theory Random variable