The answer is statutory arbitration
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Answer:
a means or device used as a cushion against the shock of fluctuations in business or financial activity
Answer:
Kindly check explanation
Explanation:
Given the data:
x___ f(x)
10__ 0.05
20__0.10
30__0.10
40__0.20
50__0.35
60__0.20
a. Is this probability distribution valid?
Yes
Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1
0≤f(x)≤1
b. What is the probability MCC will obtain more than 30 new clients
X = 40 + x = 50 + x = 60
0.20 + 0.35 + 0.20 = 0.75
c. What is the probability MCC will obtain fewer than 20 new clients
x = 10
f(x) = f(10) = 0.05
d)Compute the expected value and variance of x.
Expected value (E(x)) :
Σ(x * f(x))
= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)
= 43
Σ(x * E(x))² * f(x)
= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2
= 201
Answer: Distributing the weekly paychecks.
Explanation: In response to the question, a good motive for holding cash is that an employer may want to use the cash to pay his workers their weekly paychecks. A paycheck is the payment given to an employee by the employer after each working duration (could be monthly or weekly)
