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3 years ago

An example of globalization of ________ is toyota opening a factory in kentucky.

1 answer:

8 0

<span>An example of globalization of production is Toyota opening a factory in kentucky.</span>The expression "globalization" portrays the expanded portability of products, administrations, work, innovation and capital all through the world and vertical coordination of assembling and exchange on a worldwide level. Globalization of production alludes to the sourcing of merchandise and enterprises from areas around the world to exploit national contrasts in the cost and nature of elements of generation like land, work, and capital.

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Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval

Alex

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

The level of certainty or uncertainty in a sampling process is measured by confidence intervals.

Additionally, they are employed in regression analysis and hypothesis testing.

To determine statistical significance, statisticians frequently combine confidence intervals with p-values.

95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

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1 year ago

The upper management of barcelona restaurant group believes that success depends on employees who are self-starters and empowere

inysia [295]

This idea is most consistent with LAISSEZ FAIRE type of management in which the employees are allowed to use their ideas and creativity to flourish in their areas of specialization. The management takes a back seat role in the company and only offer guidance when needed.

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3 years ago

Read 2 more answers

I sent a survey to severalpersonnel departments to determine how many companies use online job resources

tatuchka [14]

How did it go?????????

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3 years ago

Umeron, a European country, wants to import 18 million bales of cotton from Trumberton, an Asian country. However, Umeron is abl

bazaltina [42]

The Schengen Area is one of the greatest achievements of the EU. It is an area without internal borders, an area within which citizens, many non-EU nationals, business people and tourists can freely circulate without being subjected to border checks. Since 1985, it has gradually grown and encompasses today almost all EU States and a few associated non-EU countries.

While having abolished their internal borders, Schengen States have also tightened controls at their common external border on the basis of Schengen rules to ensure the security of those living or travelling in the Schengen Area

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3 years ago

An investor is deciding whether to build a retail store. If she invests in the store and it is successful, she expects a return

pochemuha

Answer:

Explanation:

Given that,

expects a return of $100,000 in the first year

loss of $80,000

probability that the store will be a success is 0.6

research will cost $20,000

0.6 probability that this information will be favorable

store will be a success increases to 0.9

store will be a success reduces to only 0.2

<h3>a) Decision tree is attached</h3>

EMV= (payoff of first outcome) * (probability of first outcome) + (payoff of second outcome) * (probability of second outcome) + (payoff of third outcome) * (probability of third outcome)

EMV(node 1) = EMV(new store)

= ($100,000 * 0.6) + (-80,000 * 0.4)

=$28,000

EMV (node 2) = EMV (no store)

= $0

EMV (node 3) = EMV ( new store and favourable research)

= ($100,000 * 0.9) + (-80,000 * 0.1)

=$82,000

EMV (node 4) = EMV ( no store and favourable research)

= $0

EMV (node 5) = EMV ( new store and unfavourable research)

= ($100,000 * 0.2) + (-80,000 * 0.8)

= -$44,000

EMV (node 6) = EMV ( no new store and unfavourable research)

= $0

B) Here we compare EMV of not conducting the market research ans EMV of conducting the market research and the maximum EMV shall be taken for decision making

Here the EMV of conducting the market research is higher than not conducting

Hence, the investor can go to market research test. If result is positive, she can invest in the store, if negative she can stop the proposal.

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3 years ago