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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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A company uses 85 circuit boards a day in a manufacturing process. The person who orders the boards follows this rule: Order whe
Natalija [7]

Answer:

0.1093 or 10.93%

Explanation:

The number of days before the company runs out of stock after placing an order (X) is:

X = \frac{Stock}{demand}= \frac{625}{85}\\X= 7.353\ days

Assuming a normal distribution with:

Mean (μ) = 6

Standard deviation (σ)=1.10

The z-score for X=7.353 is:

z=\frac{X- \mu}{\sigma}\\z=\frac{7.353- 6}{1.10}\\z=1.23

According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:

P(X>7.353) = 1 - 0.8907\\P(X>7.353) =  0.1093

8 0
4 years ago
a country that can sell its products at a lower cost because it has lower standards for emissions from manufacturing facilities
MA_775_DIABLO [31]

A country that can sell its products at a lower cost because it has lower standards for emissions from manufacturing facilities is making use of predatory dumping .

What Is Predatory Dumping?

  • A form of anti-competitive behavior known as predatory dumping involves a foreign corporation underpricing its goods in an effort to stifle domestic competition.
  • The corporation may eventually establish a monopoly in its chosen market by outpricing competitors.

What is an example of predatory dumping?

  • Predatory dumping is regarded as a dishonest commercial practice. When a business is completely informed of its actions and goals, it happens.
  • A glaring example is the onslaught of Chinese goods entering numerous international markets via physical storefronts, online, and marketplaces like E - Commerce company .

Learn more about predatory dumping

brainly.com/question/15288162

#SPJ4

4 0
1 year ago
Irma does not agree with the standard operating procedures adapted for the new project. However, she discusses the items with th
xxMikexx [17]

Answer:

Accommodating

Explanation:

Accommodating is the term in business which means resolving the conflict through placing the concern of the others above of its own at the workplace.

For example, if the person is not agreeing to a point where all the other members of the team are agreeing on that, so accommodating is the kind of intention, which make the business successful by making that person agreeing on that.

So, in this case, Irma is not agreed with the procedure of operating for the new project. Therefore, in order to make the new operations smooth, Irma needs to accommodate himself.

6 0
3 years ago
Assume that a country is currently producing at a level of output equal to $600 billion. The government decides to increase expe
diamong [38]

Answer:

$725 billion

Explanation:

Given that,

Current level of output = $600 billion

Increase in government expenditure = $25 billion

Nation’s MPC = 0.8

Multiplier = 1 ÷ (1 - MPC)

                = 1 ÷ (1 - 0.8)

                = 5

Therefore, the nation’s new level of total output:

= Current level of output + (Change in government expenditure × Multiplier)

= $600 + ($25 × 5)

= $600 + $125

= $725 billion

4 0
3 years ago
Showme Industries, a cash-basis business, records revenue when cash is collected. On September 1, 2014, Showme contracts with Ma
lana [24]

Answer:

Showme will increase net income by 15000.

Explanation:

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company

Showme  

Cash basis bussines  

Services 15000

4 0
3 years ago
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