a. The probability that a student goes to seek for minor clarification from the professor during office hours = 6%.
b. The probability that a student goes to the professor for major clarification = 14%.
Data and Calculations:
Percentage of students in the class who go to the professor to seek clarifications = 20% (a)
Percentage of students in the class who do not go to the professor to seek clarifications = 80% (100% - 20%) (b)
Percentage of (a) who seek minor clarification = 30%
Percentage of (a) who seek major clarification = 70%
Probability of (a) seeking minor clarification = 6% (20% x 30%)
Probability of (a) seeking major clarification = 14% (20% x 70%)
Thus, the probability of students seeking minor clarification is 6% while the probability of students seeking major clarification is 14%.
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Answer:
Present value= $3,642,651.54
Explanation:
Giving the following information:
You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.
First, we need to calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment= 530,000
i= 0.04 + 0.10= 0.14
n= 25
FV= {530,000*[(1.14^25)-1]}/0.14
FV= 96,391,538.43
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 96,391,538.43/ (1.14^25)
PV= $3,642,651.54
Answer:
Option (D) is the right answer.
Explanation:
According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.
While the other options are wrong because of the following reasons:
- Mass production can be described as a large number of production for the same product.
- Process production can be defined as the production which takes place through a similar process for all the products.
- Unit production can be defined as the number of production of the items.
- Standard costing can be defined as the costing which occurs on the production of the product.
Hence the most appropriate answer is option (D).
Answer:
B. This is program management since there are multiple projects involved.
Explanation:
A program manager manages multiple projects, and sometimes multiple programs while a project manager manages the teams responsible for fulfilling the project and achieving its deliverables
The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the consumers
<h3>Who are the consumers?</h3>
Consumers are known as the end users of any produced goods and services. They are crucial in the logistics chain in order to keep production running.
They are the set of individuals that want goods and services for their daily use and consumption purposes.
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