FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The finishing process on new furniture leaves slight blemishes. The table below displays a manager's probability assessment of the number of blemishes in the finish

image text in transcribed
image text in transcribed
The finishing process on new furniture leaves slight blemishes. The table below displays a manager's probability assessment of the number of blemishes in the finish of new furniture. Number of Blemishes 0 2 Probability 0.2 0.3 0.3 0.2 Determine the variance of the number of blemishes. a. 1.25 b. 1.45 C- 1.05 - 0.65 e- 1.66

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Economics

Basic Economics

Authors: Frank V. Mastrianna

16th edition

1111826641, 978-0357706664, 978-1111826642

More Books

Students also viewed these Economics questions

Question

★★★★★
The number of incoming phone calls at a company switchboard during 1-minute intervals is believed to have a Poisson distribution. Use = .10 and the following data to test the assumption that the...

Answered: 1 week ago

Question

★★★★★
Is there an association between starting post-college salary and hours a week playing video games? The table below summarizes the results from a sample of 100 randomly surveyed participants....

Answered: 1 week ago

Question

★★★★★
=+d) Which mutual fund would you invest in and why?

Answered: 1 week ago

Question

★★★★★
During your examination of the financial statements of Martin Mfg. Co., a new client, for the year ended March 31, 20X0, you note the following entry in the general journal dated March 31, 20X0: Your...

Answered: 1 week ago

Question

★★★★★
Karen Kay, a portfolio manager at Collins Asset Management, is using the capital asset pricing model for making recommendations to her clients. Her research department has developed the information...

Answered: 1 week ago

Question

★★★★★
Sam just won some valuable sculptures in a contest. He wants to sell them and has received two comparable offers. Buyer 1 is offering $50,000, but wants Sam to keep the sculptures for 3 years before...

Answered: 1 week ago

Question

★★★★★
A worker stands at the end of a production line for mint chocolate chip ice cream and uses warm water to melt the ice cream away from the chocolate. The amount of chocolate is then weighed. Each...

Answered: 1 week ago

Question

★★★★★
A sporting goods store decides to lower prices on high-end sports equipment. How could this change affect market equilibrium? (1 point) O The sporting goods market could experience a surplus. The...

Answered: 1 week ago

Question

★★★★★
This amount of carbonic acid is released by the lungs as carbon dioxide daily: (a) Five liters (about 1 gallon). (b) Ten liters (about 2.5 gallons). (c) Twenty liters (about 5 gallons). (d) Thirty...

Answered: 1 week ago

Question

★★★★★
You overhear the following discussion at a coffee shop among fellow students: Student 1: The day is longer than it would be if Earth had no atmosphere. The atmosphere allows the sun to be seen after...

Answered: 1 week ago

Question

★★★★★
Explain the importance of Human Resource Management

Answered: 1 week ago

Question

★★★★★
The "optimistic explanatory style" is defined as making _____ attributions for positive events. Grupo de elecciones de respuesta internal, specific, unstable external, specific, unstable external,...

Answered: 1 week ago

Question

★★★★★
What does this look like?

Answered: 1 week ago

Question

★★★★★
1. The purpose of this chapter is to describe the key principles, procedures and strategies of personal communication benchmarking, as understood in this context.

Answered: 1 week ago

Question

★★★★★
1. Set a personal goal for yourself in your work situation. Examine this goal in the light of the 10 factors to achieve goals.

Answered: 1 week ago

Previous Question Next Question