A consultant predicts that there is a 25% chance of earning $500,000 and a 75% chance of earning $100,000. The expected profit is $200,000. The standard deviation is
What will be an ideal response?
$173,205
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The figure above shows the production possibilities frontier for a country. A combination of 3 million gallons of milk and 3 million gallons of ice cream is
A) unattainable and production efficient. B) unattainable. C) attainable and production inefficient. D) attainable and production efficient. E) More information is needed to determine if the point is attainable or not.
Identify the correct statement about relationships depicted in an organization chart
a. A line that links an individual/division with the same at a lower level depicts informal authority of the former over the latter. b. Equality on the chart for individuals A and B must mean they both have the same authority in practice. c. It shows all relations between employees of an organization. d. A line that links an individual/division with the same at a lower level depicts formal authority of the former over the latter.