The Poisson distribution can be used to approximate the binomial probabilities when the number of trials n is large and at the same time the probability P is:

Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area, scrapping all trade barriers between themselves but maintaining tariffs on imports from the rest of the world

Now, Ceria begins to import sugar from Lithinia. However, Ceria had previously been importing sugar from another country, Cadnia, which produced sugar more cheaply than Ceria or Lithinia. This is known as: A. trade creation B. strategic pricing C. synergy D. trade diversion E. protectionism

Which of the following statements about trust fund plans is (are) true? I. The trustee typically purchases annuities for retiring employees. II. The trustee guarantees the adequacy of the fund to pay the promised benefits

A) I only B) II only C) both I and II D) neither I nor II