Since Kristine has been a long-time loyalcustomer, Kristine is able to place a rush order at$30 ($15 premium in addition to the regularprice of $15) per pound in late morning andhave it delivered by the local market providerwithin an hour from the order time. Kristine isconsidering this option, because, by latemorning, she knows for sure what the demandwill be for the day. What is the probability thatthe size of the rush order is at least 20 pounds?

Answered: Image /qna-images/answer/5e35e3b1-d073-4d0d-939c-69a32dad671a.jpg

Answered: Since Kristine has been a long-time…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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The college graduates of 2000 could hardly have asked for better luck. The unemployment rate dropped to 4.1 % in May 2000- roughly, the lowest level in a generation- and employers were literally scrambling for new hires. Starting salaries rose, many graduating seniors had numerous job offers, and some firms even offered $10,000- $20,000 bonuses to students who signed the dotted line. Three years later, the job market for the Class of 2003 was rather different. U.S. economic growth had slowed to a crawl, and then to a halt. Companies that had stocked up on recent college grads in the tighter labour markets of 1998-2000 found themselves with more than they knew what to do with in 2002 and 2003. They were not eager to hire more. Bonuses and other “perks” disappeared; job offers became scarcer. With the unemployment rate around 6% in May and June of 2003, the job market was far from the worst ever. But it was nothing like the glory days of 2000. YOU ARE REQUIRED TO: (iv) Briefly…
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