The president of a computer manufacturing firm states that there is a 70% chance that industry shipments
Question:
The president of a computer manufacturing firm states that there is a 70% chance that industry shipments of notebook computers will double in the next 5 years. Is this a classical probability, a relative frequency probability, or a subjective probability?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
This is a subjective pro...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs over the past several years. The following figures provide a time series of the cost per...
-
1. A corporation's sales for two consecutive years are represented in a bar graph. Since the bar for the later year is twice as high as the one for the previous year, it follows that sales for the...
-
The president of a small manufacturing firm has been concerned about the continual growth in manufacturing costs over the past several years. The following is a time series of the cost per unit (in...
-
The city of Toledo has received a proposal to build a new multipurpose outdoor sports stadium. The expected life of the stadium is 20 years. It will be financed by a 20- year bond paying 8 percent...
-
A researcher wishes to test the effectiveness of a flu vaccination. 150 people are vaccinated, 180 people are vaccinated with a placebo, and 100 people are not vaccinated. The number in each group...
-
On what date is CGT for 2020-21 normally due for payment?
-
How did Body Glove become one of the most recognizable outdoor sports brands in the world? Well, the story begins in Missouri, where twin brothers, Bob and Bill Meistrell, taught themselves to swim...
-
Luke Gilbert is to retire from the partnership of Gilbert and Associates as of March 31, the end of the current fiscal year. After closing the accounts, the capital balances of the partners are as...
-
3. Khalid business provided you the following information for the month of July 2020: Beginning capital 90,000, withdrawals 12,000, net profit of the month is 7,000. How much the ending capital of...
-
Use the 3 step Mathematical Induction process to prove the following statements. You must label and show all three steps. Step 1: Prove n = 1 is true Step 2: Assume true for all n = k Step 3: plug in...
-
If A = Aeroflot, Russias national airline, will begin making daily flights to Pocatello, Idaho, next year, identify the sample space and possible events that could occur. Use your judgment in...
-
Phyllis was just hired as the new purchasing manager at Rich Furniture, and she decided to recalculate all of their ROPs, since she noticed that many of the suppliers delivery times varied...
-
Compute the probability of loaded die given that a 3 was rolled, as shown in the example in Section 2.3, this time using the general form of Bayes Theorem from Equation 2-5.
-
(25 Points) University Painting is considering investing in a new paint sprayer to allow them to paint more classrooms in less time. The sprayer would have the following cash flow and cost of capital...
-
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
-
Summit Regional Medical Center operates as a private not-for-profit hospital, providing services to a community of 20,000 and the surrounding rural areas. Summit has maintained a banking relationship...
-
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Basic Flash Selling price per watch $ 3 3 0 $ 4 9 0 Variable cost per...
-
Introduction This practice case has been designed to give introductory-level business students practical experience in the application of accounting concepts. This practice case will provide students...
-
Consider 1000 ft 3 /min (dry basis) of air at 14.7 psia, 90 F, and 60% relative humidity passing over a cooling coil with a mean surface temperature of 40 F. A water spray on the coil ensures that...
-
a. Show that the expansion of q(x) in ascending powers of x can be approximated to 10 2x + Bx 2 + Cx 3 where B and C are constants to be found. b. Find the percentage error made in using the series...
-
Indicate whether each of the following random variables is discrete or continuous. a. The number of drive-through customers at your local McDonalds today b. The amount spent by all customers at the...
-
It has been estimated that one in five Americans suffers from allergies. The president of Hargrove University plans to randomly select 10 students from the undergraduate population of 1400 to attend...
-
Airlines book more seats than are actually available, then bump would-be passengers whenever more people show up than there are seats. Through the first quarter of 2009, the rate at which passengers...
-
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
-
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...
Study smarter with the SolutionInn App