Answer:
The answer is below
Explanation:
A What is the probability that all 4 selected workers will be the day shift?
B What is the probability that all 4 selected workers will be the same shift?
C What is the probability that at least two different shifts will be represented among the selected workers.
A)
The total number of workers = 10 + 8 + 6 = 24
The probability that all 4 selected workers will be the day shift is given as:
B) The probability that all 4 selected workers will be the same shift (
) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.
Hence:
C) The probability that at least two different shifts will be represented among the selected workers (
)= 1 - the probability that all 4 selected workers will be the same shift()
Answer:
Increase the production to decrease the fixed cost per unit
Explanation:
The reason is that if the production increases then the fixed cost will start decrease because the level of production and fixed cost per unit are inversely proportional to each other. Now if the production increases to 1250 ($500/0.4) units then the firm is at no profit and no loss position (Breakeven position). So all the firm has to do is increase its production above 1250 and generate the demand of increased production at the same price.
Answer:
The correct option is D) Looking across complementary offerings
Explanation:
There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>
Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.
One of them is called looking across complementary offerings.
Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.
The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.
Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.
Cheers
Answer: Option (B) is correct.
Explanation:
Public saving refers to the tax revenue amount that a government left with after paying for its expenditure or spending.
Public saving = Tax revenue - Spending
Private saving refers to the after tax income of the individuals after paying for their consumption and taxes.
Suppose there is a government budget deficit, in this situation government's expenditure is greater than government's receipts. This means that tax revenue is not enough to pay out its expenditure.
Therefore, this will lead to negative public savings.
