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xz_007 [3.2K]
3 years ago
14

Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple

te the program. Out of the 27 people sent, what is the probability that exactly 8 complete the program?
Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}

                = 0.001025

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What is a bond? in your own words. economics.​
kari74 [83]

Answer:

A bond is simply a loan taken out by a company. Instead of going to a bank, the company gets the money from investors who buy its bonds. In exchange for the capital, the company pays an interest coupon, which is the annual interest rate paid on a bond expressed as a percentage of the face value.

Explanation:

4 0
3 years ago
Read 2 more answers
Mark is approaching the implementation phase of the new asset management system (AMS). To test the system's viability and work o
Whitepunk [10]

Answer:

Pilot Conversion Approach.

Explanation:

According to my research on different conversion approaches, I can say that based on the information provided within the question the approach being described is called a Pilot Conversion Approach. Like mentioned in the question this approach is when a professional tests and implements a new system is slowly tested and implemented into single departments/divisions within a company as opposed to the whole company at once. This is done in order to make sure everything is running smoothly and catch errors along the way in order to be able to fix them before the whole system is implemented into the entire company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati
Neko [114]

Answer:

Albiston Corporation

Relevant  and Irrelevant Costs:

Relevant Costs:

                      Alternative Q   Alternative R

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Irrelevant Costs:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Assembly costs  $48,000           $48,000

Explanation:

a) Data and Comparisons:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Assembly costs  $48,000           $48,000

b) Relevant costs make a difference in the choice between alternative Q or R.  The costs that are the same in amount are not relevant.  Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives.  They make a difference in the choice of each alternative.

4 0
3 years ago
Kelley Company and Mason Company each have sales of $200,000 and costs of $140,000. Kelley Company's costs consist of $40,000 fi
nikklg [1K]

The firm that would suffer the greatest decline in profits if sales volume declines by 15% is Mason Company.

The cost of a company is made up of fixed cost and variable cost. Fixed cost is the cost that does not vary with output of the company. It remains fixed no matter the level of output. An example of fixed cost is rent. Variable cost is the cost that varies with output. If output increases, variable cost increases and if output falls, output decreases.

If sales volume decreases, the output of Mason Company would decline more compared with the output of Kelley company because it has a higher fixed cost. So, we when sales reduces, its cost would would not reduce as many as the cost of Kelley company.

To learn more, please check: brainly.com/question/13059508

7 0
2 years ago
In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Stand
Olin [163]

Answer:

$18,000 F

Explanation:

Actual overhead– Overhead Budgeted=

Overhead Controllable Variance

Actual overhead=$194,000

Overhead Budgeted=$212,000

$194,000–$212,000

=$18,000 F

(40,000 ×$3.80) + $60,000

=$152,000+$60,000

= $212,000

Therefore the manufacturing overhead controllable variance is $18,000 F

3 0
3 years ago
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