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You are a manager in a large, global manufacturing and services organization. You're trying to explain to your grandfather how different your job is from his.
The number of rescue calls received by a rescue squad in a city follows a Poisson distribution with µ = 2.83 per day. The squad can handle at most four calls.
Discuss how vapor density and vapor pressure contribute to the hazards of a spilled or released hazardous material.
A committee of 7 members is to be formed by selecting members at random from a pool of 14 candidates consisting of 5 women and 9 men.
A graduating student keeps applying for jobs until she gets an offer. The probability of getting an offer at any trial is 0.35.
An investment portfolio has equal proportions invested in five stocks. The expected returns and standard deviations (both in percent per year).
In practice, the on-year versus off-year funding cycle is no longer utilized. However, you should be aware of its history and application.
If the probability of landing safely must be at least 99.5%, what is the minimum value for p? Repeat the question for probability of landing safely to be 99.9%.
What are some ethics issue uniquely related to globalization? What moral values or perspectives would you apply to resolve the issue and how would you apply it?
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