A study about strategies for competing in the global market place states that 52 of the respondents agreed that companies need to make direct investments in foreign countries. It also states that...

A study about strategies for competing in the global market place states that 52 of the respondents agreed that companies need to make direct investments in foreign countries. It also states that about of those responding agree that it is attractive to have a joint venture to increase global competitiveness. Suppose CEOs of manufacturing companies are randomly contacted about global strategies.(a) What is the probability that between and (inclusive) CEOs agree that companies should make direct investments in foreign countries? [4 marks](b) What is the probability that more than CEOs agree with that assertion? [4 marks](c) What is the probability that fewer than CEOs agree that it is attractive to have a joint venture to increase global competitiveness? [5 marks](d) What is the probability that between and (inclusive) CEOs agrees with that assertion?

May 04, 2022
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