The waiting time at which 10 percent of the people would continue to hold is given as 2.3
<h3>How to solve for the waiting time</h3>
We have to solve for X ~ Exponential(λ).
then E(X) = 1/λ = 3,
= 0.3333
Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ; x is equal to the time in over case
For 10 percent of the people we would have a probability of
10/100 = 0.1
we are to find
P(X ≤ t)
= 1 - e^(0.3333)(t) = 0.1
Our concern is the value of t
Then we take the like terms
1-0.1 = e^(0.3333)(t)
1/0.9 = e^(0.3333)(t)
t = 3 * ln(1/0.9)
= 0.3157
Answer: Salvation army
Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.
Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.
Thus, we can conclude that the right option is D.
Answer:
expenditures and taxes
Explanation:
Fiscal policy refers to a government action to adjust taxes and expenditures to influence economic growth. Taxes are the main sources of income for the government. A rise in taxes increases revenue to the government but lower individual disposable income. High taxes discourage investments and business expansion.
Government expenditure in infrastructure and other projects creates employment and incomes in the economy. Reduced spending by the government may result in a lower aggregate demand. The government uses fiscal policies together with monetary policies to achieve its economic goals.
The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
Answer:
b.
Explanation:
Based on the scenario being described within the question it can be said that this is an example of strategies to improve customer responsiveness and innovation. Which is what the training class is providing by teaching the managers these skills they will be able to better communicate with customers is a wide range of circumstances, thus increasing customer responsiveness.
