Relationship-market forces and organizational responses
Illustrate the relationship between the market forces and organizational responses with at least with 4 factual example . discuss the role of competition commission and regulatory bodies.
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An insurance agent receives a bonus if the loss ration L on his dbuiness is less than 0.5 where L is the total losses, say X, divided by the total premiums, say T. The bonus equals (0.5 - L)(T/30) if L < 0.5 and equals zero otherwise. If X (in
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Trucks in a delivery fleet travel a mean of 120 miles per day with a stadnard deviation of 11 miles per day. The mileage per day is distributed normally. Find the probablitly that a truck drives at least 133 miles in a day. Round your answer to 4
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