Provide an Appropriate Response

question 4

Multiple Choice

Provide an appropriate response.
-Which of the random variables described below is likely to have a Poisson distribution? - The random variable X is the number of accidents occurring during a ski season at a particular
Ski resort.-Fifty people are selected at random from among the skiers at a particular resort. The random Variable Y is the number among the fifty who have been involved in a ski accident during the past Ski season. -One ski resort allows both skiers and snowboarders. Fifty people are selected at random from the People waiting in line at one of the resort's chairlifts. The random variable Z is the number of Snowboarders among the fifty.

• A)X, Y, and Z
• B)Y and Z
• C)X only
• D)X and Y

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Definitions:

Geographic Immobility

A situation where individuals or factors of production are unable to move freely from one location to another, often leading to inefficiencies in labor markets.

Noncompeting Groups

Collections of workers who do not compete with each other for employment because the skill and training of the workers in one group are substantially different from those of the workers in other groups.

Collective Bargaining

The negotiation of labor contracts between labor unions and firms or government entities.

Lockout

A negotiating tactic in which a firm forbids its unionized workers to return to work until a new collective bargaining agreement is signed; a means of imposing costs (lost wages) on union workers.