For air travelers, one of the biggest complaints is of the waiting time between when the airplane taxis away from the terminal until the flight takes off. This waiting time is known to have a right skewed distribution with a mean of 10 minutes and a standard deviation of 8 minutes. Suppose 100 flights have been randomly sampled. Describe the sampling distribution of the mean waiting time between
when the airplane taxis away from the terminal until the flight takes off for these 100 flights.
A) Distribution is right skewed with mean = 10 minutes and standard error = 0.8 minutes.
B) Distribution is approximately normal with mean = 10 minutes and standard error = 0.8 minutes.
C) Distribution is approximately normal with mean = 10 minutes and standard error = 8 minutes.
D) Distribution is right skewed with mean = 10 minutes and standard error = 8 minutes.
B
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Ernest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part to run. He contracts to have the part shipped to him by special carrier. Ernest emphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1. If the shipper fails to deliver the part
on April 25, Ernest will be able to recover consequential damages caused by the delay. Indicate whether the statement is true or false
Which of the following is not an example of political risk?
a. The Japanese government requires an MNC's subsidiary to install exercise rooms for its employees b. The Swiss government requires an MNC's subsidiary to install filters in its manufacturing plants to reduce pollution. c. Country X, considered for expansion, frequently goes to war with its neighbors. d. Country Y's government has recently taken over the subsidiary of one of your competitors, another U.S.-based MNC. e. All of the above are examples of political risk.