Scenario analysis is a statistics-based behavioral approach that applies predetermined probability distributions and random numbers to estimate risky outcomes

Last year the Monroe Logistics Company reported 4,000 damaged deliveries, 1,000 deliveries to the wrong address, 500 late deliveries, and 200 deliveries billed incorrectly

Assuming no delivery had more than one error, how many deliveries were properly handled if their percent perfect order is 87%? A) 38,145 B) 40,622 C) 43,845 D) 47,561

A professor gives a new test to an otherwise typical class and finds that only 10 percent of the students get grades of C or above. What is the most appropriate and fair response?

A) do nothing B) revise the grading curve downward C) revise the grading curve upward D) revise the test itself