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densk [106]
1 year ago
5

Stephen is a new insurance agent with an established company.He is nervous at the idea of making cold calls on the telephone to

prospective clients.After thinking through the problem,Stephen decides to ask his supervisor if he can host a small introductory meeting,inviting local business in for coffee and cake to introduce himself.Stephen is exhibiting a high level of hope.
a. True
b. False
Business
1 answer:
mafiozo [28]1 year ago
8 0

Answer:

a. True

Explanation:

It is correct to say that Stephen is exhibiting a high level of hope because he had the idea of ​​organizing a small introductory meeting in order to introduce himself to local companies and thus break the initial nervousness that could occur if he did not previously know his potential client. With this introductory meeting for greater integration between him, who is the new insurance agent and the companies that are his potential clients, there may be greater interaction, greater possibility of closing deals and greater customer satisfaction, lessening insecurity, etc.

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3 0
2 years ago
People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true populati
Marina CMI [18]

Answer:

Consider the following calculations

Explanation:

People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.

a- Show the sampling distribution of ( p¯ ), the proportion of groceries thrown out by your sample respondents

sampling distribution of ( p¯ ) is normal with

mean = 0.12   and

standard error = sqrt(p(1-p)/n) = sqrt(0.12*0.88/540) =0.0140

b- what is the probability that the sample proportion will be within ±.03 of the population proportion?

z value for 0.03 difference, z=0.03/0.014 =2.14

The required P= P( -2.14<z<2.14) = P( z <2.14) – P( z <-2.14)

=0.9838 - 0.0162

=0.9676

c- what is the probability that your survey will provide a sample proportion within ±.015 of the population proportion?

z value for 0.015 difference, z=0.015/0.014 =1.07

The required P= P( -1.07<z<1.07) = P( z <1.07) – P( z <-1.07)

=0.8577 - 0.1423

=0.7154

d- What would be the effect of taking a larger sample on the probabilities in parts (b) and (c)? Why?

Taking a larger sample will decrease the standard error. The probabilities in parts (b) and (c) will increase.

8 0
2 years ago
Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated
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Answer:

Answer) 1)The lower supply of lawyers will lead to high salaries, and current law school admits will be more likely to decide to attend

Explanation:

Simple demand and supply logic can be used to reflect that as the supply of lawyers is lower, price (salaries of lawyers) will be higher and it will force the students to join law classes for higher salaries after completion of the programme.

3 0
1 year ago
Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $
nika2105 [10]

Answer:

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Explanation:

To get this number the best option is to use a excel spreadsheet and solver add-in. In a table with 8 columns (8 years), organize the payments and the rule of interest: payment year 1*(1+7%)^8+payment year 2*(1+7%)^7+payment year 3*(1+7%)^6+payment year 4*(1+7%)^5+payment year 5*(1+7%)^4+payment year 6*(1+7%)^3+payment year 7*(1+7%)^2++payment year 8*(1+7%)^1 where all the payments are equal (payment 1=p2=p3...=P8)

4 0
2 years ago
Much fanfare was made about anthony's latest bonus in the office. he has always been a high performer. however, this year he rec
monitta

Answer:

May motivate less productive employees to work harder.

Explanation:

When an employee is recognised and rewarded for exceptional performance, apart from boosting the moral of the employee it also challenges other employees to perform better on their jobs.

In this instance Anthony has been receiving bonuses for being a high perfomer. This time around he an extra large bonus for his performance.

Because of this Hannah gets motivated to also perform better at her job so she can also get a bonus.

8 0
1 year ago
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