Exhibit 5-5 AMR Is a Computer-Consulting Firm. the Number of New Clients

question 89

Multiple Choice

Exhibit 5-5
AMR is a computer-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below.
-The number of electrical outages in a city varies from day to day. Assume that the number of electrical outages (x) in the city has the following probability distribution. The mean and the standard deviation for the number of electrical outages (respectively) are

• A)2.6 and 5.77
• B)0.26 and 0.577
• C)3 and 0.01
• D)0 and 0.8

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Definitions:

Labor Unions

Labor Unions are organizations formed by workers from related fields that work for the common interest of its members in terms of wages, benefits, and working conditions.

Foreign Purchases Effect

The impact on domestic currency and the balance of trade when residents of a country purchase foreign-made goods and services.

American Exports

Goods and services produced in the United States and sold to other countries, contributing to the country’s GDP and trade balance.

Macroeconomic Equilibrium

A state in which aggregate supply equals aggregate demand, leading to an equilibrium level of prices and output in the economy.