Which of the following statements about endorsements to the homeowners policy is (are) true?
I. The purpose of the inflation guard endorsement is to help prevent home owners from being under-insured.
II. The purpose of the watercraft endorsement is to provide coverage for watercraft when they are used outside the United States.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following statements is true about performing a manufacturing activity in several locations at once?
A. A manufacturing activity must be performed at multiple locations when the fixed costs of setting up a production plant are high. B. Performing a manufacturing activity in several locations makes it difficult for a firm to accommodate demands for local responsiveness. C. Producing in multiple locations reduces the bargaining power of a firm against manufacturers. D. The larger the minimum efficient scale of a plant relative to total global demand, the greater the need for decentralizing production to multiple locations. E. Many firms disperse their manufacturing plants to different locations as a "real hedge" against potentially adverse moves in currencies.
The amount of tea leaves in a can from a particular production line is normally distributed with ? = 110 grams and ? = 25 grams. A sample of 25 cans is to be selected. What is the probability that the sample mean will be greater than 100 grams?
What will be an ideal response?