The customer service department for a wholesale electronics outlet claims 90% of all customer complaints are resolved to the satisfaction of the customer. In order to test this claim, a random sample of 15 customers who have filed complaints is selected. Part A Let x = the number of sampled customers whose complaints were solved to the customer’s satisfaction. Assuming the claim is true, write the binomial formula for the situation. Part B Use the binomial tables (see Table A.1in the text) to find each of the following if we assume that the claim is tru:

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Adisadvantage of corporations is that shareholders have to pay on profits.