Use Technology to Develop a Simulation of the Given Problem

question 115

Essay

Use technology to develop a simulation of the given problem (100 trials). Describe the simulation, then estimate the
probability based on its results.
The probability that when 75 people are surveyed, at least five of them have the same birth date. (Ignore leap years.)

Understand the Galatea effect and its application in setting personal performance goals.

Understand the difference between direct and indirect materials and their role in manufacturing.

Comprehend the impact of technology on manufacturing processes, particularly on direct labor and material costs.

Identify components of product costs including direct materials, direct labor, and manufacturing overhead.

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Definitions:

Potential Influence

The capacity or possibility to affect change or sway opinions within a given context or situation.

Referent Power

The influence a person has over others because they are admired, respected, or identified with, often stemming from personal characteristics or charisma.

Friendship

A close and bonded relationship between individuals where support, mutual respect, and emotional connection are present.

Trust

The confidence and belief that one party has in the reliability, integrity, and ability of another party.