The management believes that weather conditions significantly affect the level of demand. 48 monthly sales reports are randomly selected. These monthly sales reports show 15 months with high demand, 28 months with medium demand, and 5 months with low demand. 12 of the 15 months with high demand had favorable weather conditions. 14 of the 28 months with medium demand had favorable weather conditions. Only 1 of the 5 months with low demand had favorable weather conditions. What is the probability that weather conditions are poor, given that the demand is high
A. .2
B. .5
C. .8
D. .25
A. .2
Business
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Which of the following statements is true about "time is of the essence" clauses in contracts?
a. These clauses are unenforceable because they violate public policy. b. These clauses are examples of express conditions precedent. c. These clauses are examples of constructive conditions subsequent. d. These clauses are substitutes for tender of performance.
Business
Specifying the format of the marketing research proposal is one of the components involved in research design
Indicate whether the statement is true or false
Business