Answer:
(a) Given that a chip passes the test, what is the probability that it is a good chip?
LetB = {the chip is good}
A={the chip passes the cheap test}.
Bc={the chip is bad}
Ac={the chip fails the cheap test}
P(A | B) = 1
P(A | B
c
) = 0.075
= 
= 
≈ 0.9751
(b) If the company sells all chips that pass the cheaper test, what percentage of sold chips will be bad?
P(B
c |A) = 1 − P(B | A) = 1 - 0.9751 = 0.0249
Hi there, i cannot find the complete question so that i can pick an option from so im going to do my best to answer your question.
Explanation:
Noelle can use the question: on a scale of 1 to 4, rate your level of satisfaction of the meal at Green Gardens Restaurant. 1 to 4 can be represented as shown below.
1- very bad
2- bad
3- good
4- very good
With this sort of question to customers, Noelle would be able to get an understanding of how bad or well the restaurant is doing in terms of customer satisfaction.
Cheers.
Answer:
The company's cash conversion cycle is 75 days
Explanation:
The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.
Conversion cycle = Payable days + Inventory in Stock days + Receivable days
where
Payable days = Purchases term = 30 days
Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )
Receivable days = Sales term = 15 days
Placing values in the formula
Conversion cycle = 30 days + 30 days + 15 days
Conversion Cycle = 75 days
The correct answer would be D. Limited Partnership
