7) For each bottle of wine that Italy produces, it gives up…

7) For each bottle of wine that Italy produces, it gives up the opportunity to make 10 pounds of cheese. France gives up the opportunity to produce 1 bottle of wine for every 25 pounds of cheese it produces. Which of the following is true about the comparative advantage between the two countries?

According to your Chapter 5 opening case study “The Ethics o…

According to your Chapter 5 opening case study “The Ethics of Making Soccer Balls” which major U.S. sporting goods manufacturer decided to terminate their contract for hand stitched soccer balls with Saga Sports, due to unethical labor standards imposed on employees in Pakistan?  

You have a bag of candy with [x] apple candies and [y] cherr…

You have a bag of candy with [x] apple candies and [y] cherry candies in the bag.  You randomly pull out a candy several times (putting the candy back in the bag between each draw) and record the results.  You get [z] apple candies and [w] cherry candies.  What is the probability of that outcome? Express your answer as a decimal (not a percentage) to two decimal places.

A software company wants to estimate the likelihood of resol…

A software company wants to estimate the likelihood of resolving a software bug within a certain number of hours. The time to resolve the bug can be represented by a uniform distribution between [A] and [B] hours. The project manager wants to determine the probability that the bug will be resolved in less than [requiredhours] hours. Calculate the probability that the bug will be resolved in less than [requiredhours] hours.