use the forecast to find the probability that in a random sample of 8 major bridges in the city, at least 3 will have an inspection rating of 4 or below in 2020
Answers
To find the probability that at least 3 out of 8 major bridges in the city will have an inspection rating of 4 or below in 2020, we need to use the forecasted probability provided. Let's assume the forecasted probability is denoted as p.
To calculate the probability, we can use the binomial probability formula:
P(X >= k) = 1 - P(X < k)
where X follows a binomial distribution with parameters n (number of trials) and p (probability of success in a single trial), and k represents the minimum number of successes.
In this case, the number of trials (n) is 8, the probability of success (p) is the forecasted probability, and we want to find the probability of at least 3 successes (k = 3).
So, we can calculate the probability as:
P(X >= 3) = 1 - P(X < 3)
To find P(X < 3), we sum the probabilities of having 0, 1, and 2 successes.
Once we have the forecasted probability (p), we can substitute it into the formula to calculate the final probability.
In conclusion, to determine the probability that at least 3 out of 8 major bridges will have an inspection rating of 4 or below in 2020, we need the forecasted probability (p) and use the binomial probability formula to calculate the probability of having fewer than 3 successes.
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Related Questions
Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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you should try to get the lowest interest rate possible in which situation
(A) you are lending money to a bank
(B) you are borrowing money from another person
(C) you are lending money to another person
(D) you are putting money in a savings account
Answers
Answer:
B. you are borrowing money from another person
Explanation:
rest is you giving money to others which if you could youd want higher interest rates for
Answer:
You are borrowing money from another person.
Explanation:
Plz help
Which investment strategy would work best if you wanted to make a lot of
money quickly?
A. Low risk, high return
B. High risk, low return
C. High risk, high return
D. Low risk, low return
Answers
Answer:
a. because if your risking small your return is still higher it doesn't matter if you risk acouple time and lose some because when your getting your return it's more then what you risked (I think)
Answer:
high risk high return.
Explanation:
Which type of stock would a person own for the best assurance of receiving dividend income?
Answers
To have the best assurance of receiving dividend income, an individual should consider investing in dividend-paying stocks. These stocks are issued by companies that distribute a portion of their earnings to shareholders on a regular basis, typically in the form of cash dividends.
Dividend-paying stocks are shares of companies that have a history of distributing dividends to their shareholders. These companies are usually well-established and profitable, generating consistent earnings. Dividend payments are a way for companies to share their profits with investors, providing a regular income stream.
While not all companies pay dividends, those that do often include utility companies, consumer staples, and established blue-chip companies. It's important to research the company's dividend history, financial stability, and sustainability before investing to ensure a reliable dividend income. Additionally, diversifying a portfolio by investing in multiple dividend-paying stocks can further enhance the assurance of receiving dividend income.
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Directions: Classify the following appetizers either Hot or Cold appetizer.
Write your answer in your test notebook.
1. cucumber stuffed _____________________
2. fresh fruits and vegetables _____________________
3. hard cooked eggs/stuffed eggs _____________________
4. pickled items _____________________
5. fries _____________________
6. salmon and cucumber bites _____________________
7. chips and dips _____________________
8. seafoods appetizer _____________________
9. pizza rolls _____________________
10. raw vegetables with dip _____________________
Answers
a good intended for final use by consumers rather than business
Answers
Answer:
A consumer good is a product intended for final use by a consumer.
Explanation:
Consumer good: a good intended for final use by consumers rather than by businesses
A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.
Help I need the answer fast
Answers
Answer:
This is due to compound interest on the credit card bills.
Explanation:
Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.
On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2016, Coolwear wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,140 at December 31, 2016. Bad debt expense for 2016 would be:-$320-$1140-$820-$1020
Answers
Answer:
$1,020
Explanation:
Coolwear Inc. had a balance of $48,400 in account receivables and also a balance of $940 in the uncollectible account on December 31, 2015.
During the year 2016 Coolwear Inc. wrote of $820 in account receivable and had an allowance of $1,140 for the uncollectible account at December 31, 2016
The bad debt expense for the year 2016 can be calculated as follows
Bad debt expense=$1,140-($940-$820)
= $1,140-$120
= $1,020
Hence the bad debt expense for 2016 is $1,020
In addition to Porter's Five Forces, another force added in the text is:_______
Answers
In addition to Porter's Five Forces, another force that is often mentioned in strategic management texts is the "Sixth Force" or the "Sixth Competitive Force."
This force is known as "Complementors" or "Complementary Products and Services." While Porter's Five Forces framework primarily focuses on competitive factors within an industry, the Sixth Force recognizes the influence of complementary products or services that can affect a company's competitive position.Complementors are entities that provide products or services that enhance the value of another company's offerings. They may not be direct competitors, but their presence can significantly impact a company's competitiveness and market position. For example, the availability of apps for a smartphone platform
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PLZ HELP EXTRA POINTS!!!
The Constitution set up a federal system of government by ____.
A. distributing power among three branches of government
B. dividing power between the National Government and the States
C. providing a formal amendment process
D. giving the President the power to veto an act of Congress
Answers
Answer: its A
Explanation:Because it based on the three banches.
which of the following best describes what title ii of hipaa, known as administration and simplification, addresses? a. electronic standards for health care transactions and the code sets that can be used. b. the kennedy-kassebaum law. c. portability of health insurance for unemployed individuals. d. all of the above.
Answers
The following option that described the title II of HIPAA is A. Electronic standards for healthcare transactions and the code sets that can be used.
In the term of business, The Health Insurance Portability and Accountability Act of 1996 or also known as HIPAA generally can be defined as a United States Act of Congress enacted by the 104th United States Congress. The Health Insurance Portability and Accountability Act of 1996 or also known as HIPAA signed into law by President Bill Clinton on August 21, 1996. As an organization in the health insurance, HIPAA has a function to protect sensitive patient health information from being disclosed without the patient's consent or knowledge.
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Which of the following would be adjusted in beginning retained earnings?
A company that changes the estimate of its allowance for uncollectible receivables from 1% to 2% of receivables
All of the answers would be adjusted in beginning retained earnings
A company that changes the useful life of its building 12 years after purchase from 25 years to 30 years
A company that changes its inventory method from LIFO to weighted average
Answers
The term that would be adjusted in beginning retained earnings is A. company that changes the estimate of its allowance for uncollectible receivables from 1% to 2% of receivables.
What is retained earnings?Retained earnings are the accumulated net income that a company has earned during its lifetime and has not disbursed to shareholders as dividends. Retained earnings are kept in a separate account under stockholder's equity, separate from other accounts like common stock or preferred stock. Retained earnings may be used by a company to finance future ventures or for long-term growth.An adjustment is a journal entry made at the end of an accounting period to bring an account balance up to date or to correct an error.Adjusting entries are made in order to prepare financial statements accurately, as they ensure that all accounts have the correct balance at the end of a period.What is the impact of adjusting entries on retained earnings?
When an adjusting entry is made, it can have an impact on a company's retained earnings.
This is because the adjustment affects an account that is part of the retained earnings equation. The retained earnings formula is as follows:
Retained Earnings = Beginning Retained Earnings + Net Income/Loss - Dividends
When adjustments are made to accounts that affect net income, the ending balance of the retained earnings account changes, since it is calculated using the net income.
Hence, option a. is correct.
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Two examples of the learning and innovation measures of a balanced scorecard are A. Employee turnover rate and number of internal process improvements. B. Employee training hours and product defect rates. C. Employee promotion rate and number of environmental incidents. D. Number of employee suggestions and finished products per day per employe
Answers
Answer:
A. Employee turnover rate and number of internal process improvements.
Explanation:
The balanced scorecard refers to the strategic planning and management system. The motive of use this is to align the day to day work so that everyone could follow the strategy and according to that the task should be completed on time or before time. It also measured and monitonered the progress for the targets sets by the company
So for learning and innovation, the employee turnover rate and the improvement made for no of internal process should be considered
Pierre works at a fine dining restaurant. He wants to impress his special guests tonight by carving the lamb, which is the main course, in front of them. Before dinner service started he made sure that his ______ cart was stocked with utensils, linen, hot plates, a flare lamp, and accompaniments such as sauces and mustard
Answers
He made sure that the kitchen cart was stocked with necessary utensils, flare lamp, sauces, mustard etc.
What is a kitchen cart?This is a cart that is designed to serve an all-purpose storage and workspace for personal and business kitchen.
These cart usually a drawers, baskets, cabinets or hooks that will helop to hold utensils, towels, essentials etc.
Therefore, the word "kitchen cart" is correct.
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Are you surprised a couple with a joint income of $200,000 is priced out of the housing market well above average in the US approximately 6% of the population? Explain!
At least three sentences to be put as the brainliest. Due tomorrow!
Answers
A couple with a $200,000 joint income is priced out of the housing market It's not unexpected, especially in locations where the cost of living is high and demand for property is high.
The given question is an opinion based on the answer written in a generalized manner keeping in mind the income and housing market of the United States.
The high cost of housing can have serious consequences for people, families, and communities. since people with higher earnings may be able to buy houses, It may result in growing economic inequality.
The high cost of housing in the United States is a complex issue driven by a variety of factors, including economic trends, government regulations, and social attitudes.
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What does this mean
“MY LONG-TERM CAREER GOAL TODAY IS TO BECOME A”
Answers
Explanation:
what this means is it is asking what kind of job or career you want to be. an example is :
i want my career to be a doctor.
so basically this is just a fancy word for job.
The Department of Justice and the Federal Trade Commission must define the relevant market when determining whether to allow a merger.
How do economists identify the relevant market?
The relevant market has been identified if
Answers
The correct option is C, Economists identify the applicable request by analyzing various factors similar as consumer actions, substitutability of products, and competitive constraints.
In this environment if an increase in profits attracts new enterprises to enter the request, also the request is considered to be correctly defined. This suggests that the market isn't overly broad, as the entry of new enterprises indicates that there are competitive openings and implicit for profit. Again, if an increase in gains doesn't affect new enterprises entering the request, it suggests that the request is too broad and that the incorporating enterprises may face significant competition beyond what was originally considered.
Economists use this analysis to insure a precise description of the applicable market in merger evaluations.
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The correct question is:
The Department of Justice and the Federal Trade Commission must define the relevant market when determining whether to allow a merger. How do economists identify the relevant market? The relevant market has been identified if:
A. an increase in output results in a decrease in average costs; otherwise, the market is too narrow.
B. a price increase results in higher profits; otherwise, the market is too narrow.
C. an increase in profits results in new firms entering; otherwise, the market is too broad.
D. a price increase results in lower sales; otherwise, the market is too broad.
E. a technological advance results in lower prices; otherwise, the market is too narrow
IF YOU WANT TO BE A VET READ THIS!!!
Requierments:
- They never take students who do not have straight A's, so keep working hard!!
- To go into collage you must have at least 2 years of language (this doesn't mean you have to be fluent or even know it, its just good for applications)
- Have volunteer hours
- Have a clean slate, no laws broken, detentions, etc... (just show your a good person)
- Have good credits
And of course much more, but those are just the basics.
PET VETS:
College: 8+ years
Average Wage: $100,000-$110,000+ yearly
Aedemics: D.V.M or V.D.M
FARM VETS:
College: 6+ years
Average Wage: $100,000-$105,000+ yearly
Aedemics: D.V.M or V.D.M
ZOO VETS:
College: 6+ years
Average Wage: $86,757-$104,000+ yearly
Aedemics: D.V.M or V.D.M
AQUATIC VETS:
College: 8+ years
Wage: $90,000-$100,000+ yearly
Aedemics: D.V.M or V.D.M
I hope this helps you!
Please answer in the vet proffession that you would like and your favorite animal in that group and why!
PLEASE DO NOT REPORT!! I know this isn't a question but it is important information i find interesting to share!
Have a great day!
Answers
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
O A. The business would be able to easily sell its products to many new
customers.
B. The business could not use the money it spends on the new
branch for something else.
C. The business would have to spend all its money making new
Chinese products.
D. The business would be able to increase the selling prices for most
of its products.
SUBMIT
Answers
Answer:
A
Explanation:
An opportunity cost for the business if it chooses to open the new branch in China is that the business would be able to easily sell its products to many new customers.
Answer:
A
Explanation:
I got it right on my test
Which of the following statements about a monopsony market is not true?
a. The monopsony firm restritcs its output and charges higher prices for its products.
b. As the sole (single) employer in the labor input market, the monopsony firm is able to hire fewer workers compared to the competitive market.
c. A monopsony firm exploits its bargaining power by paying lower wages to its workers.
d. Welfare loss in the monopsony market can be measured by the difference in social surplus between the competitive and monopsony markets.
Answers
The statement (a) is not true. In a monopsony market, the firm restricts employment and pays lower wages, but it does not directly restrict its output or charge higher prices for its products.
In a monopsony market, there is a single buyer or employer in the labor input market, which gives them market power to influence the wage rate and employment level. However, the monopsony firm's power lies in the labor market, not the output market.
In fact, the monopsony firm may aim to maximize its profits by hiring fewer workers and paying lower wages, but it does not directly restrict its output or charge higher prices for its products.
The main characteristics of a monopsony market are that the firm faces an upward-sloping supply curve of labor, it can exert market power by setting the wage rate below the competitive equilibrium level, and it hires fewer workers compared to a competitive market.
This creates a welfare loss in the form of reduced employment and lower wages for workers.
Therefore, statement (a) is incorrect because a monopsony firm's impact is primarily observed in the labor market, not the output market. The correct statement would be that the monopsony firm restricts employment and pays lower wages, leading to a welfare loss in the labor market.
So, option a is correct.
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In 2020, Coca-Cola and Danone backed a project to manufacture plant-based plastic bottles made from sugars, extracted from wheat, corn and beets, instead of from petroleum-based resins. This is an example of which of the four ways to reduce materials usage?
In 2020, Coca-Cola and Danone backed a project to manufacture plant-based plastic bottles made from sugars, extracted from wheat, corn and beets, instead of from petroleum-based resins. This is an example of which of the four ways to reduce materials usage?
a. Recycle and Reuse of onsite waste
b. Cradle-to-Cradle/Closed loop
c. Dematerialization
d. Substitution
Answers
The project backed by Coca-Cola and Danone to manufacture plant-based plastic bottles made from sugars extracted from wheat, corn and beets is an example of the "Substitution" method of reducing materials usage. Therefore, the correct option is D.
In 2020, Coca-Cola and Danone backed a project to manufacture plant-based plastic bottles made from sugars, extracted from wheat, corn, and beets, instead of from petroleum-based resins. This is an example of the fourth way to reduce materials usage, which is Substitution.
Substitution is a method which involves replacing traditional materials with more sustainable and eco-friendly alternatives. In other words, substitution involves replacing a material or process with a less harmful or more sustainable alternative.
In this case, plant-based plastic bottles are a more environmentally friendly alternative to petroleum-based plastic bottles. This substitution reduces the reliance on non-renewable resources (petroleum-based resins) and has the potential to lower the environmental impact of plastic production. The substitution of petroleum-based resins with plant-based sugars reduces the dependency on non-renewable resources and minimizes environmental impact. Hence, the correct answer is Option D: Substitution.
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Discuss how an event’s ability to help us escape from everyday life and worries can be advantageous for marketers.
Answers
Answer:
An event's ability to give people a break from everyday life worries is a advantage for marketers because it makes their job easier. An event takes our mind off of things and it relieves their stress. This means that marketers don't need to focus on spreading info.
What sports have been founded by an entrepreneur?
Answers
An individual who plans, manages, and takes on the risk of a sport-related business enterprise is known as a sports entrepreneur. There are numerous instances of professional players succeeding in business after leaving sports.
The most well-known professional sport players who successfully transitioned from athletics to entrepreneurship include Payton Manning, David Beckham, John Elway, Magic Johnson, and Venus Williams, to name just a few. Many of you are familiar with his court movements. It is less typical to be aware of his entrepreneur side. However, how many companies does Shaq actually own? Even though the solution is not obvious, it is still amazing.
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COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answers
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
What is meant by goal maximization of the shareholders' wealth?
Answers
Answer:
the objective of all corporate activity is called goal maximization of the shareholders' wealth.
An income statement for Carrol Food leading manufacturer of speciality dryfruit cookies for the first quarter of the current year is presented below:
Carrol Food Inc
Income Statement
For the First Quarter of the Current Year
Sales $800,000
Less cost of goods sold 560,000
Gross margin 240,000
Less operating expenses:
Selling $98,000
Administrative 98,000 196,000
Net income $44,000
On average, Cookies Foods Inc box sells for $50. Variable selling expenses are $5.50 per box, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed.
The contribution margin for Carrol Food Inc for the first quarter is?
Answers
The contribution margin for Carrol Food Inc for the first quarter is $200,000.
The contribution margin can be calculated for the company or an individual product. The contribution margin is calculated as follows:
Contribution Margin = Sales - Variable Costs
The contribution margin for Carrol Food Inc for the first quarter is $200,000.
Contribution Margin = Sales - Variable Costs
= $800,000 - $400,000
= $400,000 - $200,000
= $200,000
Therefore, the contribution margin for Carrol Food Inc for the first quarter is $200,000.
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The standard gui uses blank______ to present commands, and are typically displayed at the top of the screen.
Answers
The standard GUI (Graphical User Interface) uses menus to present commands, and they are typically displayed at the top of the screen. Menus are a common way to organize and present commands in a graphical user interface. They provide a list of options or actions that users can choose from to interact with a program or application.
1. Graphical User Interface (GUI): A GUI is a visual interface that allows users to interact with a computer system through graphical elements such as windows, icons, and menus. It provides a more intuitive and user-friendly way to navigate and control software applications. 2. Menus: In a GUI, menus are typically displayed at the top of the screen, either as a horizontal bar or as dropdown lists.
They contain a list of options or commands that users can select to perform specific actions. For example, a File menu may contain options like "Open," "Save," and "Print," while an Edit menu may have options like "Cut," "Copy," and "Paste." Purpose of Menus: Menus serve as a visual representation of available commands and provide an organized structure for users to access various functions of a program.
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A cover letter does all of the following EXCEPT:
Sells you as the best candidate for the job
Introduces you and summarizes your resume
Explains why you don't meet every qualification of the job
Explains why you are interested in the job
Answers
A cover letter does not explain why we don't meet every qualification of the job. The correct option is c.
What is a cover letter?A cover letter can be understood as a written document which is submitted with a job application outlining the applicant's credentials and interest in the open position. A cover letter is often one of only two documents sent to a potential employer, therefore, a well or poorly-written letter can impact whether the applicant is called for an interview. A cover letter which is good complements the resume and explains why the candidate is the ideal person for the job.
Cover letter mistakes can sink a job applicant.
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Why do lenders require collateral for a secured loan? (10 points)
A) It reduces risk to the lender
B)It eliminates interest charges
C) It reduces the cost of the financed good
D) It protects consumers from loss
Answers
Answer:
A) It reduces risk to the lender
Explanation:
Collateral refers to a valuable asset that a borrower offers to the lender to secure a loan. Typically, the collateral will have a higher market value than the loan amount. Asset mostly used as collateral include homes, properties, and motor vehicles. The lender will keep custody of the title documents until the borrower repays full amount borrowed.
Offering collateral for a loan indicates the borrower's willingness to repay the loan. The lender is assured of recovering their money. If the borrower defaults, the lender will dispose of the collateral to recover their money. This reduces the lender's risk.
Answer:
A) it reduces risk to the lender
Explanation:
I just took the quiz and got it right.
At a short run macroeconomic equilibrium, real GDP is always equal to potential GDPTrue or False?
Answers
In a short-run macroeconomic equilibrium, real GDP is not always equal to potential GDP. Short-run equilibrium occurs when aggregate demand equals aggregate supply, while potential GDP represents the maximum sustainable output level without causing inflation.
In the short run, real GDP may not always be equal to potential GDP. Potential GDP represents the maximum amount of output an economy can produce when all of its resources are utilized at their full capacity. However, in the short run, the economy may experience cyclical fluctuations due to changes in aggregate demand or supply shocks.
On the other hand, during an economic boom, aggregate demand may increase, causing output to temporarily exceed potential GDP. Therefore, while potential GDP serves as a benchmark for the economy's long-term growth potential, real GDP can fluctuate in the short run due to changes in economic conditions.
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