Janet Is Planning to Rent a Booth at a Festival

question 121

Multiple Choice

Janet is planning to rent a booth at a festival for a day to sell clothes that she has made.She sells jackets for $175 and skirts for $130.Her past experiences suggests that the total number of jackets sold will have a mean of 7.0 with a standard deviation of 1.7,and the total number of skirts sold will have a mean of 11.7 with a standard deviation of 2.6.The cost of renting the booth for the day is $200.What are the mean and standard deviation of her net income? [Hint: you should first define random variables and use them to express her net income.]

• A)μ = $2520,σ = $37.21
• B)μ = $2520,σ = $450.28
• C)μ = $2520,σ = $635.50
• D)μ = $2520,σ = $435.50
• E)μ = $2520,σ = $3006.00

Identify the components of a stakeholder orientation and its significance in business practices.

Appreciate the significance of ethical and social responsibility in enhancing firm performance.

Understand the challenges associated with being ethical and socially responsible in business.

Recognize the importance of codes of conduct and how they aid in ensuring ethical compliance within firms.

---

Definitions:

Economic Stimulus Law

Legislation designed to boost economic growth during a downturn, typically through government spending and tax incentives.

$787 Billion

A reference to a specific financial figure, likely related to a major government budget, stimulus package, or expenditure.

Healthcare System

An organized plan of health services to meet the health needs of individuals or populations, including hospitals, clinics, and other health care facilities and providers.