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Nonamiya [84]
4 years ago
13

Define a random variable that represents the time in minutes required to assemble the product

Business
1 answer:
nikitadnepr [17]4 years ago
8 0

A random variable x is a numerical outcome of a probability experiment. There is a numerical value which is determined by chance for each outcome in the procedure or experiment. Therefore, a random variable is used for describing outcomes using numerical values.

x = time in minutes

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The increased use of the Internet presents a lot of potential for which types of businesses?
Sergeeva-Olga [200]

Answer:

Local businesses, SME's and International businesses

Explanation:

The era of the internet has provided the work to integrate and create more opportunities for the business to grow and improve. More importantly, the internet has created a pathway for small businesses, local businesses, and small businesses to grow and expand globally. The internet has also helped businesses to set up their operations globally and locally to attract more markets and consumers.

8 0
3 years ago
If a more efficient technology was discovered by a firm, there would be 9) A) a downward shift in the AFC curve curve C) a downw
Pepsi [2]

Answer:

The correct answer is C

Explanation:

MC curve stands for Marginal Cost Curve which states the relationship among the marginal or additional cost incurred by the company or firm in the short run product of service or good and the quantity of the product is produced.

And when the curve is downward shift, it means that there is technological change which lead to increase in the productivity and the cost curve downward.

7 0
3 years ago
If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 b
nataly862011 [7]

Answer: $85 Billion

Explanation:

Given that,

Personal consumption expenditures in a specific year = $50 billion

Purchases of stocks and bonds = $30 billion

Net exports = (- $10 billion)

Government purchases = $20 billion

Sales of secondhand items = $8 billion

Gross investment = $25 billion

From the above information, expenditure method is more suitable.

GDP = Personal consumption expenditures + Gross investment + Government purchases + Net exports

        = $50 + $25 + $20 - $10

        = $85 Billion

4 0
3 years ago
Suppose that a company based in​ Dallas, Texas, initially confronts only four other rival firms. Its own market share is ​percen
postnew [5]

Answer:

1. 86.7%

2. 2244.4

Explanation:

The computation is shown below:

1. The new 4 firm concentration ratio  after entry is

= Total mix share of 4 largest firms

= 30% + 30% + 13.33% + 13.33%

= 86.7%

2.  Now HHI index is

= sum of squared shares

= 30^2 + 30^2 + 13.33^2 + 13.33^2 + 6.67^2 + 6.67^2

= 2244.4

Hence, we applied the above values so that each part could be determined

3 0
3 years ago
It is always desirable to have a higher compounding frequency, regardless of the initial investment or the time horizon. True Fa
Katena32 [7]

Answer:

The answer is given below

Explanation:

Compounding frequency is the number of times the interest is paid in a year. A higher compounding frequency for a investment with the same initial investment and time horizon would produce more interest and profit as compared to that with a lower compounding frequency. But for a smaller initial investment or less time horizon of higher compounding frequency as compared to larger initial investment or more time horizon of lower compounding frequency, that of the lower compounding frequency is more desirable because it would produce more interest.

5 0
3 years ago
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