Suppose You Randomly Select 3 DVDs from a Production Run

question 86

Short Answer

Suppose you randomly select 3 DVDs from a production run of 10. Of the 10 DVDs, 9 are expected to last a minimum of 3 years. What is the standard deviation of the random variable x?

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Definitions:

Competitiveness

The ability of a company, region, or country to produce goods and services that meet the test of international markets while simultaneously maintaining or expanding the real incomes of its citizens.

Human Capital Investments

Are investments people make in themselves to increase their value in the workplace. These investments might take the form of additional education or training.

Differentiate

To distinguish or set apart different items, concepts, or entities based on their unique characteristics or qualities.

Organization Anticipates

The process by which organizations attempt to foresee future challenges or opportunities and prepare accordingly.