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Marianna [84]
3 years ago
11

The probability of getting a 5 when a die is tossed is what type of probability?

Business
2 answers:
makvit [3.9K]3 years ago
6 0

Answer: As the Oxford dictionary states it, Probability means ‘The extent to which something is probable; the likelihood of something happening or being the case’.

In mathematics too, probability indicates the same – the likelihood of the occurrence of an event.

Examples of events can be :

Tossing a coin with the head up

Drawing a red pen from a pack of different coloured pens

Drawing a card from a deck of 52 cards etc.

Either an event will occur for sure, or not occur at all. Or there are possibilities to different degrees the event may occur.

An event that occurs for sure is called a Certain event and its probability is 1.

An event that doesn’t occur at all is called an impossible event and its probability is 0.

This means that all other possibilities of an event occurrence lie between 0 and 1.

Explanation:

irinina [24]3 years ago
4 0
The probability is 1/6 or 1:6
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The person most qualified to assess the overall risk in a work package activity in a project is the:
WINSTONCH [101]
<span>The person most qualified to assess the overall risk in a work package activity in a project is the team member and / or line manager.
The team member cannot be the only one who will assess such risks - he will need to be accompanied by the line manager, or the manager can do it on his own. PR and sponsors do not deal with such actions - PR deals with public relations, and sponsors with giving money.
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4 0
4 years ago
SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats. True False
Kamila [148]

Answer:

False

Explanation:

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats is a FALSE statement. SWOT analysis means

Strength

Weakness

Opportunities

Threat

Strength and weaknesses are the internal factors not external ones, strength and weakness comes from inside of the organisation. Any organisation capability to serve the customers well, having red hot selling products, creative employees can be its strength. If these elements are not performing well, they can become the weakness as well, therefore, SW is related with the internal environment of the organisation.

In the same way, opportunities and threats are posed by the outside environment, they are not internal elements and factors. Political, social, technological and legal environment can create both treat as well new and exciting opportunities for the organization.

3 0
3 years ago
Marriott Hotels has a customer-relationship management system whereby the preferences of regularcustomers are tracked and used t
motikmotik

Answer:

e. Responsiveness

Explanation:

Having in mind the building blocks of service quality, this example shows the responsiveness block.

It represents the eagerness of the company to proactively improve service according to customers' needs. In other words, it relates to how much the company is willing to help its customers or react to their potential inquiries for improvement.

Besides offering the basic service, Marriott Hotels carefully analyses the data that would help the company better cater to their customer base in the future.

8 0
4 years ago
Use the principles of supply and demand to address a predetermined goal (set by the student). be clear on what the current marke
UkoKoshka [18]

Answer:

Principles of demand & supply applied to education & employment market (as crucial aspects of student goals).

Explanation:

The goal of a student could be to get in a particular college, university. It could also be to get an work experience opportunity in an organisation.

The student would have to analyse the demand and supply for the particular seats, vacancy in the institute, organisation.

In case of educational goal, demand group will be students & suppliers would be educational institutes. If demand (by students) > supply (by institutes), the price paid would be high depending upon nature of institute. For profit institute, monetary fee would be high & for non profit institute, the eligibility criterion could be very high. If demand < supply, price & or eligibility criterion would be low.

In case of work experience goals, demand group will be firms & suppliers would be employees (students). If demand (by firms) > supply (by employee students), price (wage) received by students would be higher. If supply > demand, wage would be lower.

This demand supply theory of student goals highlight : student tendencies to be in highly excess demanded (w.r.t supply) labour group, so that they can get high wages. For this they would want to acquire 'rare' academic qualifications, having excess demand. Hence, they would pay huge price in terms of time needed to attain that high eligibility competence.

Example : Students targetting high value professional course like 'Chartered Accountant', as it has high salary due to high expertise needed, & they working so hard to attain that competence (clear the difficult exams)

7 0
3 years ago
When prices change during a period, a company can combine the principles of the retail LIFO method with the dollar-value LIFO me
Alex

Answer:

Dollar value LIFO retail method

Explanation:

Dollar-Value LIFO aim to reduces the effect of the liquidation, allows companies to use FIFO internally and also reduces clerical costs.

Dollar value LIFO retail method are retailers way of getting or achieving the LIFO cost flow without monitoring individual units and this may lead to low liquidation of LIFO cost layers that could occur during tracking.

5 0
2 years ago
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