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Paladinen [302]
3 years ago
13

Paper dollars

Business
1 answer:
Flura [38]3 years ago
8 0

Answer:

d. are fiat money and gold coins are commodity money.

Explanation:

Fiat money is by definition the money whose value is imposed by the state (not real commodity in itself, just paper with state imposing its value) and is the international reference for trading, like the US dollar (or maybe euro or yen). Commodity money are actual commodities used as money, like gold (could be also silver)

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An earthquake in Japan destroys an automobile factory. In response, the United States exports more automobiles at a time when th
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<h3>What changes could be made by adopting the unorthodox fiscal and monetary policies?</h3>

Fiscal policy could bring the change in the spending of the government and taxation as well.

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The frequent changes to which the organization must adapt demands
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The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.

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2 years ago
Overton Company has gathered the following information.
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4 years ago
In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-Am
Tema [17]

Answer:

a) It is expected that 8 African-Americans get promotions.

b) There is a 8.6% probability that 5 African-Americans get promotions.

c) There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

Explanation:

The question is incomplete.

Complete question:

<em>In the workplace, racial discrimination is a very serious issue. Consider a company in which 20% of the employees are African-American. At the end of the year, promotions are awarded to a group of employees. Out of the 40 promotions awarded, five are African-American. Given that the awarding follows the binomial distribution, B(40,.2).</em>

<em />

<em>a) How many African-Americans would you expect to get promotions? </em>

<em> b) What is the probability that five African-Americans receive promotions? </em>

<em> c) What is the probability that five or fewer African-Americans receive promotions? </em>

<em> d) Do you think the company is suspect of racial discrimination? Explain your thinking.</em>

<em />

a) As this situation can be modeled by a binomial distribution B(40,0.2), the expected number of African-Americans that get promotions can be calculated as the expected value of the binomial distribution:

X\sim B(40,0.2)\\\\E(X)=np=40*0.2=8

It is expected that 8 African-Americans get promotions.

b) Accordingly to the binomial distribution, we have:

P(X=5)=\frac{40!}{5!35!}*(0.2)^5*(0.8)^{35}=658008*0.00032*0.0004= 0.086

There is a 8.6% probability that 5 African-Americans get promotions.

c) We have to calculate the probabilities for X=0,1,2,3,4 and 5.

P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\\\P(X=0)=\frac{40!}{0!40!}*0.2^0*0.8^{40}=1*1*0.00013=0\\\\P(X=1)=\frac{40!}{1!39!}*0.2^1*0.8^{39}=40*0.2*0.00017=0.001\\\\P(X=2)=\frac{40!}{2!38!}*0.2^2*0.8^{38}=780*0.04*0.00021=0.007\\\\P(X=3)=\frac{40!}{3!37!}*0.2^3*0.8^{37}=9880*0.008*0.00026=0.021\\\\P(X=4)=\frac{40!}{4!36!}*0.2^4*0.8^{36}=91390*0.0016*0.00032=0.047\\\\P(X=5)=\frac{40!}{5!35!}*0.2^5*0.8^{35}=658008*0.00032*0.00041=0.086

P(X\leq5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)\\\\P(X\leq5)=0+0.001+0.007+0.021+0.047+0.086=0.162

There is a 16.2% probability that at five or less African-Americans get promotions.

d) The company may be accused of racial discrimination because the ammount of promotions given to African-Americans is much less than expected if there were no discrimination. The expected value, if there is no discrimination, of having more than 5 promotions for African American employees is 84%.

3 0
4 years ago
Which of the following is most likely used by a seller to target an impulse buyer? a. contest b. coupon c. display d. rebate Ple
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C. Display would be the most accurate
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4 years ago
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