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butalik [34]
4 years ago
8

Often in buying a product at a supermarket, there is a concern about the item being underweight. Suppose there are 24 "one-pound

" packages of frozen ground turkey on display and 2 of them are underweight. A consumer group buys 5 of the 24 packages at random. What is the probability of at least 1 of the 5 being underweight?
Business
1 answer:
Bumek [7]4 years ago
3 0

Answer:

The answer is: 38%

Explanation:

The probability of at least 1 of the 5 packages being underweight can be calculated using a technique known as hypergeometric distribution.

The probability of the first choice not being underweight is 22 out of 24, for the second choice it is 21 out of 23, for the third 20 out of 22, for the fourth 19 out of 21 and for the fifth 18 out of 20.

To find out the probability of at least one package being underweight, you must subtract the sum of the probabilities of not being underweight from 1 using the following formula:

1 - [(22/24) x (21/23) x (20/22) x (19/21) x (18/20)] =

1 - (0.91666667 x 0.91304348 x 0.90909091 x 0.9047619 x 0.9) =

1 - 0.62 = 0.38 or 38%

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Millions of software programs have been created and have helped to improve the economy. This is an
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Answer:

new technology.

Explanation:

An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system or technology comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.

Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.

3 0
3 years ago
________ advertising is common during the maturity stage of the product life cycle, but you should avoid this if your brand is t
777dan777 [17]

Answer:

Comparative Advertising

Explanation:

Comparative advertising is a form of advertising war in which manufacturers compare their products directly or indirectly with competing products. This technique involves comparing product that are similar with the aim of showing the public that the opposite or competing products are inferior to yours. It is done only when the business is at maturity stage. A new start up business cannot go into this form of advertising. Also, it is ill-advised for companies or organizations whose brand are leaders in the markets to go for this kind of marketing, even at maturity stage. The aim of such marketing is usually to put pressure on the leaders of the brand, claiming your products are more superior to theirs.

5 0
3 years ago
Read 2 more answers
Chang industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these
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If the company calls these bonds at a price of $201,000, the gain or loss on the retirement would be $2,000.

Here,  $203,000 is the net carrying value of the liability - $201,000 is the price the bonds were called at and the price that Chang industries paid to retire the bonds and the associated liability.

Therefore,   $203,000 - $201,000 =  $2,000

The gain or loss on the retirement would be $2,000.

A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. Thus, the issuer retires the bonds at the scheduled maturity date of the instruments.

Hence, bond retirement involves the cashing out of a bond that has been invested in.

To learn more about bond retirement here:

brainly.com/question/13960495

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4 0
2 years ago
Shelton Co. purchased a parcel of land six years ago for $866,500. At that time, the firm invested $138,000 in grading the site
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Answer: $918,000

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Therefore ,the initial cost cost of the warehouse project for the use of this land is $918, 000.

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3 years ago
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Classical economists believed that: _________
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Answer:

the answer is D

Explanation:

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3 years ago
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