If economic conditions deteriorate, stock prices are likely to
A) increase.
B) decrease.
C) stay the same.
D) not be directly affected by changes in economic conditions.
Answer: B
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A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day.
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