It is estimated that there is a 0.6 probability that the survey will be favorable. Furthermore‚ there is a 0.9 probability that the market will be favorable given a favorable outcome from the study. However‚ the marketing professor has warned Mas that there is only a probability of 0.112 of a favorable market if the marketing research results are not favorable. Mas is confused. b. Should Mas use the marketing research? c. Mas‚ however‚ is unsure the probability of a favorable marketing research study
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obligation for the thirteen warehouses for which the settlement date is indeterminate? SUMMARY CONCLUSION ON ACCOUNTING QUESTIONS 1. LOI should recognize an asset retirement obligation. 2. LOI has ability to estimate fair value. 3. There is a low probability of buyer to require LOI to remove asbestos. This is reflected in the fair value of the liability but does not affect recognition. 4. LOI cannot defer obligation indefinitely‚ so LOI has basis for estimating fair value. AUTHORITATIVE AND INTREPRETIVE
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A: True An inspector correctly identifies 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is .736. A: Use Binomial table to discover ‚ add 3 probabilities for 0‚1‚2 A continuous random variable may assume only integer values within a given interval. A: False A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes and branches. A: False A table of random numbers must be normally distributed and
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Technology e-mail:059180@landbank.com.tw September‚ 2012 Abstract Shifting probability of credit status of past due or non-performing loans across stage has always been the center of attention not only for banking institutions but also for academicians. Mortgage loans’ changing credit status has a major influence on bank’s required reserve for capital adequacy against possible default loss. If the probability of shifting credit for default loans can be understood‚ calculated‚ controlled‚ or
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public opinion poll‚ the first and foremost important concept is the basic principle of probability sampling‚ or at least that is what Gallup values as an important foundation. The probability sampling itself holds the definition as “a sampling technique wherein the samples are gathered in a process that gives all individuals in the population equal chances of being selected” (Castillo). With the probability sampling technique‚ every individual is guaranteed to have an equal opportunity of being
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that red is the most popular. Scruffies are packed randomly‚ and on average 25% are red. (i) Find the probability that a packet contains no more than 6 red Scruffies. [2] (ii) Find the probability that a packet contains exactly 4 red Scruffies. [2] Because of a fault in the packing machine‚ one packet in ten now contains 19 Scruffies instead of 18. (iii) Find the new probability that a randomly selected packet contains exactly 4 red Scruffies. [5] In order to increase sales
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Economics Ch.1 Limits‚ Alternatives‚ Choices: Opportunity costs: to obtain more of one thing‚ society forgoes the opportunity of getting the next best thing. That sacrifice is the opportunity cost of the choice. Microeconomics: the part of economics concerned with decision making by individual customers‚ workers‚ households‚ and business firms. Macroeconomics: examines either the economy as a whole or its basic subdivisions‚ such as govt‚ household of business sector. Economic Resources:
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performance has significantly declined‚ which has directly contributed to a decline in its overall fair value. Smooth Sailings’ management is evaluating the following possible options for proceeding into 2011 and beyond: | Option | Probability of Occurring | 2011 | 2012 | 2013 | 2014 | 2015 | Total | A | Continue operating the cruise ship in current area | 10% | $1.0M | $0.9M | $0.7M | $0.7M | $0.7M | $4.0M | B | Operate the cruise ship in a new area where there are no pirates | 20%
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PROBLEMS FOR RELAIBILITY 1. Consider the following system: Determine the probability that the system will operate under each of these conditions: a. The system as shown. b. Each system component has a backup with a probability of .90 and a switch that is 100 percent reliable. c. Backups with .90 probability and a switch that is 99 percent reliable.Solutions 1. a. P(operate) = .92 = .81 .9 .9 .9 .9 .9 .9 .9 .9 b. [.90 + .10(.90)] [.90 + .10(.90)] = .9801 c. [.90 +
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Question 4 2 out of 2 points What is the probability of rolling a number less than or equal to 6 on a six sided die? Selected Answer: 1 Correct Answer: 1 Response Feedback: P(event) = Question 5 2 out of 2 points What is the probability of picking a “g” in the word Georgia? Selected Answer: Correct Answer: Response Feedback: P(event) = Question 6 2 out of 2 points What is the probability of picking an “m” in the word Alabama? Selected
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