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frez [133]
3 years ago
7

Three contractors (call them a, b, and

Business
1 answer:
patriot [66]3 years ago
4 0

Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

P(B) = \frac{7}{36}  

P(C) = \frac{1}{36}


Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

\mathbf{P(A) + P(B) + P(C) =1}

\mathbf{28X + 7X + X =1}

\mathbf{36X =1}

\mathbf{X =\frac{1}{36}}

So,

P(A) = \frac{28}{36}

P(B) = \frac{7}{36}

P(C) = \frac{1}{36}

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purchasing suppliers <span> is an example of vertical integration</span>
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Clothing maker Patagonia states that its purpose as an organization is to "build the best product, cause no unnecessary harm, [a
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Answer:

The question is missing the options as given below:

A. mission statement

B. belief statement

C. goals pact

D. code of ethics

E. management pledge

The correct option is A,mission statement

Explanation:

The mission statement shows in summary form the vision,core values as well as statement of goals and objectives of an establishment.

Building the best product is the prioritized goal of Patagonia,since having the best product places it in the forefront in terms brand recognition,hence increased sales.

Core value here is ensuring no unnecessary harm is caused by  way of injuries sustained in the course of pursuing its objectives.This implies that Patagonia is responsible corporate citizen in the area of complying with  best practice in safety procedures.

The vision of the company is to implement solutions to environmental challenges through business inspiration.

7 0
3 years ago
Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $120,000 in eighteen ye
frozen [14]

Answer:

$3,529.51

Explanation:

Future value = $120,000

N = 18

i = 7%

Future value = Annual savings * [(1 + Interest rate)^Years - 1] / Interest rate

Future value =  Annual savings * [(1 + 0.07)^18 - 1 / 0.07]

Annual savings = $120,000 / [(1 + 0.07)^18 - 1 / 0.07]

Annual savings = $120,000 / 2.37993227573 / 0.07

Annual savings = $120,000 / 33.99903251042857

Annual savings = $3529.512199007199

Annual savings = $3,529.51

Therefore, the annual savings is $3,529.51

4 0
3 years ago
Mr. Dealer bought a fleet of SUVs (sport utility vehicles) from General Motors (GM) on credit, GM agreeing not to assign the res
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Answer:

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If the damages are not significant, then the court will probably assign some amount for nominal damages. To be honest, the greatest expenses here are actually the legal costs of the lawsuit. Unless Dealer can prove that assigning the contract actually hurt them (which I doubt), then the court will assign a small amount. Sometimes nominal damages can be very small and mostly symbolic, e.g. $1.

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3 years ago
Which industry is an example of monopolistic competition
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<h2>Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.</h2>

Explanation:

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