UNIT 2 THEOREMS Structure 2.1 Introduction Objectives PROBABILITY 2.2 Some Elementary Theorems 2.3 General Addition Rule 2.4 Conditional Probability and Independence 2.4.1 Conditional Probability 2.4.2 Independent Events and MultiplicationRule 2.4.3 Theorem of Total Probability and Bayes Theorem 2.5 Summary 2.1 INTRODUCTION You have already learnt about probability axioms and ways to evaluate probability of events in some simple cases. In this unit‚ we discuss ways to evaluate
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Introduction The statistics have been used in business long time ago‚ but with the new technologies used today‚ that helps the people with software and programs to make the data collection easier. In this work we are going to present why the statistics are important in business‚ generally in big companies that need that data to help the to improve their sells and the product they make. With this data the professionals also can make graphics to help the crew to understand better what they need to
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Chapter 1 Answers to End of Chapter Questions 1. Agency Problems of MNCs. a. Explain the agency problem of MNCs. ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners. b. Why might agency costs be larger for an MNC than for a purely domestic firm? ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following
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• Question 1 1 out of 1 points On the managerial grid‚ a leader who is high in both concern for people and concern for production would rate ________. Answer Selected Answer: (9‚9) Correct Answer: (9‚9) • Question 2 1 out of 1 points Recent studies indicate that this measure of ability is the best predictor of who will be a leader in an organisation. Answer Selected Answer: Emotional intelligence. Correct Answer: Emotional intelligence
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Semester: MBA (1st semester) Subject name: Management Process and Organizational Behavior Subject Code: MB0038 Unit no. : 2 (Introduction to Management and Management Process) Important Question and Answer MB0038-U2: Question – Define management. What are the principles of management defined by Henri Fayol? MB0043-U2: Answer- Management is the act of getting people together to achieve desired goals and objectives using available resources efficiently and effectively. Since organizations can be viewed
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CHILD AND ADOLESCENT DEVELOPMENT (PYC2602) QUESTIONS FROM THE STUDY GUIDE Question 2 Which statement is correct with regard to critical periods? (1) Critical periods occur mainly during prenatal development in the physical domain when environmental influences have the greatest impact. (2) A critical period is the specific time when the physical and language development of children and adolescents show the greatest changes. (3) Critical periods are the specific times when the development of certain
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QUESTIONS AND ANSWERS 1. Evaluate the internal and external environment and analyze major obstacles to making this merger successful. To answer satisfactorily this question‚ students must prepare‚ at a minimum‚ the weaknesses (internal) and threats (external) parts of a SWOT analysis. Students‚ based on their educational and professional background‚ may create many obstacles‚ but the major strategic issues are outlined below: Internal Obstacles a) Culture--Started in 1983‚ America
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| |Unit aim: | |This unit introduces the important area of safeguarding individuals from abuse. It identifies different types of abuse and the signs and symptoms that might | |indicate abuse is occurring. It considers when individuals might be particularly vulnerable to abuse and what a learner
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UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS BCOM DPS 202: FUNDAMENTAL OF SUPPLY CHAIN MANAGEMENT Practice questions on facility location/warehousing KitchenWare (case study) KitchenWare is a retailer of electrical kitchen items. The senior management team has decided to centralise and integrate the company’s warehouse operation into a national distribution centre warehouse (NDCW) to supply all of its retail operations across the country. Previously‚ each retailer had its own warehouse function
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Why Strategy is Important to Business Linda Ann Gonzales March 7‚ 2012 Management Policy and Strategy: MT460-03 1201B Unit 2 Abstract This project is about why it is important to apply the strategic management process to business and at the same time will be discussing the importance of strategy for business. This paper will continue to explain the concept of the strategic management process‚ and will discuss the importance of having a future oriented plan‚ the organization’s vision‚ mission
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