Answer:
0.2706 ; 0.05265 ; 0.1353
Explanation:
Given that :
λ = 2
According to the poisson distribution formula :
P(x = x) = (λ^x * e^-λ) / x!
P(x = 1) = (2^1 *e^-2) / 1!
P(x = 1) = (2 * 0.1353352) = 0.2706
P(x ≥ 5) = 1 - P(x < 5)
1 - P(x < 5) = 1 - [p(x = 0) + p(x = 1) + p(x = 2) + p(x = 3) + p(x = 4)]
We obtain and add the individual probabilities. To save computation time, we can use a poisson distribution calculator :
1 - P(x < 5) = 1 - (0.13534+0.27067+0.27067+0.18045+0.09022)
1 - P(x < 5) = 1 - 0.94735 = 0.05265
P(x ≥ 5) = 1 - P(x < 5) = 0.05265
Probability that no emails was received :
x = 0
P(x = 0) = (2^0 *e^-2) / 0!
P(x = 0) = (1 * 0.1353352) / 1 = 0.1353
Answer:
D.$19.56
Explanation:
The computation of the standard rate per direct labor hour is shown below:
= Basic direct labor rate + payroll tax rate percentage × Basic direct labor rate + fringe benefits per hour
= $12 + $12 × 13% + $6
= $12 + $1.56 + $6
= $19.56
We simply added the basic direct labor rate + payroll tax rate + fringe benefits per hour so that the correct rate per direct labor hour can come
Answer:
![\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D-%26%24June%26%24July%5C%5C%24Units%263%2C800%264%2C300%5C%5C%24Hours%20per%20Unit%260.05%260.05%5C%5C%24Labor%20Hour%26190%26215%5C%5C%24Rate%269.9%269.9%5C%5C%24Labor%20Cost%261%2C881%262%2C128.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We multiply the required units by the time per units
That way we obtain the labour hours
Next we multiply by the labor rate, giving us the labor cost.
<u>Key -terms</u>
labor rate: the total cost of an employee per hour
labor hours: 1 hours of work from an employee
Answer:
FRANCE has a comparative advantage in the production of cheese and SWEDEN has a comparative advantage in the production of oil.
- Comparative advantages result form the lowest opportunity costs. In this case, France's opportunity cos tot produce cheese is lower, while Sweden's opportunity cost of producing oil is lower.
France can gain from specialization and trade as long as it receives more than 3 BARRELS of oil for each pound of cheese it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 1/11 POUNDS of cheese for each barrel of oil it exports to France.
Based on your answer to the last question, which of the following terms of trade (that is, price of cheese in terms of oil) would allow both Sweden and France to gain from trade?
- a. 6 barrels of oil per pound of cheese
- c. 4 barrel of oil per pound of cheese
Answer:
Natural resource - Land
Human resource - Labour
Capital good - Machine
Explanation:
An example of a natural resource is land, an example of human resource is labour, while an example of capital good is machine.
As industries continue to grow, the population in will continue to grow as well, either through increased migration or higher birth rate resulting from better economic fortunes. This population increase in population will put pressure on available resources of land, labour and machine. This will in turn cause a reduction in the rate of industrial expansion and growth, thereby slowing down economic activities. To respond to this, industries will have to make backward movement into the outskirts, where there is abundance in supply of factors of production (land, labour and machine).
