Question

Is it possible to develop a formula for the fair distribution of resources that is objective and generally agreed on by most in society?

Answer #1

The objective of a game is to throw as many 6’es as possible
with three dice in two tries. The rules of the game are as
follows:
Three fair dice are thrown once initially. If any 6’es turn up, the
die or dice showing 6 are set aside. The remaining die or dice are
thrown one more time. The total number of 6’es from the two throws
is then noted.
Let ? be the random variable representing the number of...

Write the appropriate probability distribution formula in terms
of x only and substitute in all the known parameters for each
scenario.
a) The result when you roll a single fair octahedral die
numbered 1 to 8.
b) counting the number of RED FACE CARDS in a three card hand
dealt from a well shuffled deck.
c)counting the number of times you roll a prime number out of
ten rolls of a single fair octahedral die.

Define project.
Define the term project objective, and give some examples.
List some examples of resources that are used on a
project.
What role does a customer have during the project life cycle?
Why is it important to satisfy the customer?
What aspects of a project might involve some degree of
uncertainty? Why?
Define scope, schedule, cost, and customer satisfaction. Why
are these considered to be constraints?
List and describe the main phases of the project life
cycle.
List and...

Use the Poisson Distribution Formula to find the
indicated probability.
For a certain type of fabric, the average number
of defects in each square foot of fabric is 1.8. Find the
probability that a randomly selected square foot of the fabric will
contain at least two defects.
Round your answer to four decimal places.
Hint: The answer is the
complement of the probability that there
is at most 1 defect

Consider the probability distribution of the first
year cash flows for the ABC Project:
Possible Cash
flow
Probability
$1,000 15%
$2,000 75%
$3,000 10%
i). What is the most likely outcome? (1 mark)
ii) Calculate the range of possible cash flows. (1 mark)
iii). Calculate the expected cash flow.
iv). Calculate the standard deviation of the possible cash flows.
v). Calculate the coefficient of variation of the possible cash
flows.(1 mark)

In a free market economy:
a. government has no economic role
b. government ensures that resources are used efficiently
c. less new ideas will be generated than in a centrally planned
economy
d. bad ideas will quickly be abandoned because of the
competitive process
In order for a nation to trade according to comparative
advantage:
a. governments must subsidize domestic companies
b. its government must direct producers to their comparative
advantage
c. its government must restrict imports in order to...

1. Joint frequency distributions are used to display:
Select one:
a. the cumulative distribution of a variable with two possible
outcomes.
b. the histograms of two variables analyzed simultaneously.
c. the relative frequency of two variables.
d. the number of occurrences at each of the possible joint
occurrences of two variables.
2.For which data collection method is it most important to have
a polished-looking survey form?
Select one:
a. Telephone survey
b. Experimental design
c. Written questionnaire
d. Personal interview...

[1] The basic problem that gives rise to the study of economics
is the need to:
A) control the effects of actions by foreign governments.
B) be sure all the goods and services produced in an economy get
sold.
C) use scarce resources to satisfy people's unlimited material
wants and needs.
D) control people's tastes and wishes so that the available
resources can produce all the goods and services they want.
[2] Economics is concerned with:
A) earning as much...

In Conrad’s article, Illness and the Internet: From
Private to Public Experience, the authors note that with the advent
of social media, communication has:A.destroyed all possibility for one on one interactionsB.increased a need to belongC.increased and brought new challenges for online interactionD.totally left out the elderlyIn Young and Disabled, Stephanie McCarty, who has
Multiple Sclerosis noted that she was frustrated because people
often:A.stare too muchB.ask her what she does for a livingC.pretend she's not thereD.none of the aboveIn At the...

Question 4 (1 point)
Which of the following statements is true?
a
Modern economic growth began in Britain around 1760 and has been
slow to spread.
b
While much of the Western world began to experience modern
growth in the early 1800s, most of Asia did not experience it until
the 1990s.
c
It has only been in the last few decades that nations in Africa
have begun to experience modern economic growth.
d
All of the above.
e
Only...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 2 minutes ago

asked 2 minutes ago

asked 5 minutes ago

asked 17 minutes ago

asked 22 minutes ago

asked 22 minutes ago

asked 31 minutes ago

asked 34 minutes ago

asked 40 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago