Q.5 Solution Bill Denomination (X) Number of Bills (f) X*f X2*f $1 520 520 520 $5 260 1‚300 6500 $10 120 1‚200 12000 $20 70 1‚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
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Mistakes Were Made Have you ever wondered what kind of actions would be classified as a mistake? When are you able to actually say that it was a “mistake?” As the days go by‚ we watch as others make mistakes or even experience them ourselves. A mistake can be as simple as something said to someone or one stupid decision that can change everything. Everyone makes mistakes‚ no one is perfect. We all have friends that we watch make stupid decisions everyday. You can tell them time after time that they
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faced with business-related decisions. However‚ the making of such decisions in the real world is often unstructured. The term ‘rational decision making’ epitomises the confusion and widely varying interpretations surrounding this phenomenon. A process-oriented approach may‚ therefore‚ seem different from traditional ways of arriving at a choice. Nevertheless‚ the benefits of adopting such an approach are significant‚ and its use seems certain to improve managerial decision making in organisations.
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While decision making may require good leadership skills not good communication skills‚ communication in an organization is very important it affects how decisions are made and the quality of those decisions at every level of the organization. Decisions are based on information and information is gathered by management through all types of communication. Without effective communication how will the organizations vision be translated to the employees? And for the organization to be successful‚ management
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Managers cannot always make right decisions‚ but they can use their knowledge of appropriate decision-making processes to increase the rest. Decision making has been an important procedure in the management whatever in planning‚ organising‚ leading or controlling‚ whereas‚ biases affected managers’ process of decision making usually. This essay will focus on the areas of biases relevant to the decision making‚ the contents are comprised of the types of biases to decision making‚ the disadvantages of biases
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COLLEGE PASTORAL THEOLOGY 2 ASSIGNMENT ON CHRISTIAN LEADERS ARE MADE NOT BORN SUBMITTED BY ADEJUMOBI MICHAEL ADEDAMOLA MATRIC NO: 74348 IN PARTIAL FULFILMENT OF THE AWARD OF POST GRADUATE DIPLOMA IN THEOLOGY MARCH 2012 CHRISTIAN LEADERS ARE MADE NOT BORN. INTRODUCTION Everybody is born to be a leader but
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Check Point Social Problems HSM/240 01Feb13 Lori Moon Check Point Social Problems Problems are questions that come up as a result of physical service provisions that need to be taken into account when devising solutions. An example of this is out of all of the minority groups that are enrolled in the Unites States School System 60% of Asian students are failing in their courses. Policies are solutions that were established based on problems that
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Write your name here Surname Other names Edexcel Certificate Edexcel International GCSE Centre Number Candidate Number Biology Unit: KBI0/4BI0 Science (Double Award) KSC0/4SC0 Paper: 1B Tuesday 15 May 2012 – Morning Time: 2 hours You must have: Ruler Calculator Paper Reference KBI0/1B 4BI0/1B KSC0/1B 4SC0/1B Total Marks Instructions Use black ink or ball-point pen. Fill in the boxes at the top of this page with your name‚ centre number and candidate number. Answer all questions
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Decision-Making Steps There are six steps typically associated with effective decision processes. These six steps in the Managerial Decision-Making Process are recognition of Decision Requirement‚ Diagnosis and Analysis of Causes‚ Development of Alternatives‚ Selection of Desired Alternative‚ Implementation of Chosen Alternative and Evaluation and Feedback.(Daft 1995) First steps in the decision-making steps are recognition of decision requirement. The ability to recognize
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Gülin Langbroek 11.1 THE MAN-MADE DISASTER: CHERNOBYL “It is one of histories ironies that the worst nuclear accident began as a test to improve safety.”‚ states Snell (1988). The Soviets wanted to find out how the Chernobyl power plant would cope with a sudden power loss‚ therefore the experiment tested how long a spinning turbine could provide electric power to certain systems in the plant. Like many accidents‚ the Chernobyl accident resulted from a combination of human error and weaknesses
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