SUBJECT: MICROECONOMICS (ECO 162) ASSIGNMENT 2 QUESTION 1 ACCORDING TO THEORY OF DISTRIBUTION‚ EXPLAIN HOW DOES WAGE IS DETERMINED? Certainly the market demand and supply of these factors. In other words‚ wages‚ rent‚ interest and profit are determined by the supply and demand of the respective factor or resource. This is explained by the concept of marginal product (MP) or marginal physical product (MPP). For example: labor and wages. In this case MP and MPP refer to additional
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enters Distribution Centres and Warehousing Distribution centers are the foundation of a supply network‚ as they allow a single location to stock a vast number of products. Some organizations operate both retail distribution and direct-to-consumer out of a single facility‚ sharing space‚ equipment‚ labour resources‚ and inventory as applicable. Main aim Goods and items should be stored and shipped in a manner that encompasses aspects such as availability‚ proper hygienic storage(prevention
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Title of Experiment: Pressure distribution on an aerofoil Aim: The aim of this experiment is to examine the pressure distribution on an aerofoil and its variation with incidence. Introduction: An aerofoil is the two-dimensional cross section of a wing‚ tail or helicopter rotor blade. The lift and pitching moment on an aerofoil is determined by the pressure distribution on it. The pressure distribution changes with the angle of incidence. Understanding the behaviour of aerofoils requires some
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2.3. The Chi-Square Distribution One of the most important special cases of the gamma distribution is the chi-square distribution because the sum of the squares of independent normal random variables with mean zero and standard deviation one has a chi-square distribution. This section collects some basic properties of chi-square random variables‚ all of which are well known; see Hogg and Tanis [6]. A random variable X has a chi-square distribution with n degrees of freedom if it is a gamma
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Apple Distribution and Channel Management : Describe the channel strategy in place‚ give your opinion about its effiency and describe how to could be in the 10 coming years. The company Apple sells lots of technologic and innovative goods and services‚ like the famous iPhone‚ iPod or Macintosh. The success of this firm is due to the innovation‚ an excellent communication‚ design‚ the ease use‚ and in other hand due to the adapted channel distribution strategy. As we can see‚ Apple Products aren’t
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Forced Distribution Method Forced distribution is a form of comparative evaluation in which an evaluator rates subordinates according to a specified distribution. Unlike ranking methods‚ forced distribution is frequently applied to several rather than only one component of job performance. Use of the forced distribution method is demonstrated by a manager who is told that he or she must rate subordinates according to the following distribution: 10 percent low; 20 percent below average; 40 percent
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Gender differences at early age I. Gender-Role Development (http://social.jrank.org/pages/272/Gender-Role-Development.html#ixzz2idNTJZ6S) II. Gender-stereotyped behaviour in children at early age (http://www.education.com/reference/article/gender-role-stereotyping/) I.I Gender Differences: Preschool (http://www.education.com/magazine/article/Gender_Preschool/) I.II Gender differences: 1st grade ( http://www.education.com/magazine/article/Gender_First_Grade/) I.III Gender differences:
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(2) Jan 2001 3) A fair six-sided die is rolled. The random variable Y represents the score on the uppermost‚ face. (a) Write down the probability function of Y. (b) State the name of the distribution of Y. (2) (1) Find the value of (c) E(6Y + 2)‚ (d) Var(4Y – 2).
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Is there a true definition of gender? Yes‚ but what gives one a certain gender identity? This has happened to be a very argumentative topic throughout the years. Most of us in the world know what gender we are. If you’re born a male‚ than you usually just accept it and continue on with life as normal‚ and same goes with the female. However‚ sometimes there is a possibility that a person born a certain gender believes that they really are the opposite of what gender that they were born into. They
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The Poisson probability distribution‚ named after the French mathematician Siméon-Denis. Poisson is another important probability distribution of a discrete random variable that has a large number of applications. Suppose a washing machine in a Laundromat breaks down an average of three times a month. We may want to find the probability of exactly two breakdowns during the next month. This is an example of a Poisson probability distribution problem. Each breakdown is called an occurrence in Poisson
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