mdasfaaruddinshareef

mdasfaaruddinshareef

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mdasfaaruddinshareef

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Answer: Here is the difference between a **mixture** and a **compound**:| Prop...
Key Elements of Commercial Contracts Determining Contract Quality and Specifications
  • Carefully consider the terms and specifications of the contract
  • Make sure the contract is clear, concise, and unambiguous
  • Ensure all necessary details are included
  • Consider potential future scenarios and how they would be handled
Importance of Written Agreements
  • Written contracts provide a clear record of the terms agreed upon
  • They help to prevent misunderstandings and disagreements
  • Written contracts are easier to enforce in court
  • They can serve as evidence in case of a dispute
Resolving Disputes through Commercial Courts
  • Commercial courts specialize in handling business disputes
  • They have the authority to enforce contracts and award damages
  • The prospect of court action can serve as a deterrent to breach of contract
  • However, litigation can be time-consuming and expensive
Negotiating Fair Terms and Conditions
  • Both parties should have a fair and equal bargaining power
  • Terms and conditions should be reasonable and balanced
  • Avoid one-sided or oppressive terms
  • Consider seeking legal advice before signing a contract
Minimizing Losses through Effective Contracting
  • Identify and address potential risks and issues
  • Include provisions for dispute resolution and termination
  • Consider using liquidated damages clauses to provide certainty in the event of a breach
  • Regularly review and update contracts as necessary
Ensuring Contract Legitimacy and Enforcement
  • Make sure the contract complies with all relevant laws and regulations
  • Include a clause specifying the jurisdiction and governing law
  • Have the contract signed and dated by all parties
  • Keep a signed copy of the contract for your records.
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1.The Ice Chalet offers dozens of different beginning ice-skating classes. All of the class names are put into a bucket. The Monday night (ages 8 to 12) beginning ice-skating class was picked. In that class, there were 64 girls and 16 boys. Suppose that we are interested in the true proportion of girls (ages 8 to 12) in all beginning ice-skating classes at the Ice Chalet. Assume that the children in the selected class are a random sample of the population.

Define the random variable X.

a. the number of beginning ice-skating classes b. the time of the beginning ice-skating class     c. the number of girls, ages 8 to 12, in the beginning ice-skating class d. the number of boys, ages 8 to 12, in the beginning ice-skating class e. the total number of children in beginning ice-skating classes   2. A poll of 1,200 voters asked what the most significant issue was in the upcoming election. Sixty-five percent answered the economy. We are interested in the population proportion of voters who feel the economy is the most important.

What would happen to the confidence interval if the level of confidence were changed from 90% to 95%?   a. The confidence interval would become narrower because it would have to account for more variation. b. The confidence interval would become wider because it would have to account for more variation.     c. The confidence interval would become narrower because it would have to account for less variation. d. The confidence interval would become wider because it would have to account for less variation. e. There would be no change.
Answer: **1. Defining the Random Variable X**In the context of the Monday nigh...
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7) The time it takes for a statistics professor to grade an exam is normally distributed with a mean of 9.7 minutes and a standard devation of 1.9 minutes. There are 50 students in the professor's class. What is the probabilty that more than 8 hours are needed to grade all of the exams? (Report your answer to 4 decimal places.)

8) The daily productivity of a factory worker is normally distributed with a mean of 100 units and a standard deviation of 22 units. What is the probability that  the average number of units produced in one day by 9 randomly selected workers is less than 90 units? (Report your answer to 4 decimal places.)

9) A coffee shop in a large office building provides coffee for the occupants in the building. The coffee shop manager has determined that the mean number of cups of coffee an employee consumes in a day is 2 with a standard deviation of 0.9. A new business that has located in the building intends to have 150 new employees. What is the probability that the new employees will consume more than 285 cups of coffee per day? (Report your answer to 4 decimal places.)

10) The number of hamburgers consumed per month by undergraduate students is normally distributed with a mean of 8.5 and a standard deviation of 1.75. What is the probability that in a random sample of 28 students more than 231 hamburgers are consumed? (report your answer as a decimal to 4 decimal places) 

 

11) A pharmaceutical manufacturer of aspirin claims that the proportion of headache sufferers who get relieve with two aspirins is 66%. What is the probability that in a random sample of 250 headache sufferers, more than 70% obtain relief? (Report your answer to 4 decimal places.)

12) Using the aspirin problem above, what if the probability if the sample is increased to 1000? (Report your answer to 4 decimal places.)

please explain how to do this in excel along with the answers.

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