An international fast food chain is looking for opportunities to leverage the cloud to gain insights.
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In Country A, the opportunity cost of one paper clip is 1/2. Option C
<h3>What is opportunity cost?</h3>The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.
We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.
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Missing parts
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.
In country A the opportunity cost of 1 paper clip is
A.2 rubber bands.
B.1 rubber band
C.1/2 rubber band.
D.1/4 rubber band.
Using the binomial distribution, it is found that since 16 is more than 2.5 standard deviations above the mean, it is a unusually high number.
<h3>What is the binomial probability distribution?</h3>It is the probability of <u>exactly x successes on n repeated trials, with p probability</u> of a success on each trial.
The expected value of the binomial distribution is:
E(X) = np
The standard deviation of the binomial distribution is:
A measure is considered to be unusually high if it is more than 2.5 standard deviations above the mean.
In this problem, we hav ehtat:
- 34% of companies reject candidates because of information found on their social media, hence p = 0.34.
- 27 human resource professionals are randomly selected, hence n = 27.
Then, we find the threshold for unusually high values as follows:
E(X) = np = 27 x 0.34 = 9.18
T = 9.18 + 2 x 2.46 = 14.1.
Since 16 is more than 2.5 standard deviations above the mean, it is a unusually high number.
More can be learned about the binomial distribution at brainly.com/question/24863377
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