1. Each trial has only two mutually exclusive possible outcome.
2. The process is performed under the same conditions to avoid biasness.
3. Each trial is independent of other trials.
4. The probability of success "P" is constant.
Jonmhumble answered the question on October 29, 2017 at 17:16
- Outline the advantages of mathematical approach.(Solved)
Outline the advantages of mathematical approach.
Date posted: October 29, 2017. Answers (1)
- Outline the differences between human and physical capital.(Solved)
Outline the differences between human and physical capital.
Date posted: October 29, 2017. Answers (1)
- Outline the objectives of minimum wage model.(Solved)
Outline the objectives of minimum wage model.
Date posted: October 29, 2017. Answers (1)
- State and explain types of labour mobility.(Solved)
State and explain types of labour mobility.
Date posted: October 29, 2017. Answers (1)
- Outline limitations of wage fund theory. (Solved)
Outline limitations of wage fund theory.
Date posted: October 29, 2017. Answers (1)
- What are criticism of marginal productivity theory?(Solved)
What are criticism of marginal productivity theory?
Date posted: October 29, 2017. Answers (1)
- State and explain the factors that facilitated rapid growth of urban centres.(Solved)
State and explain the factors that facilitated rapid growth of urban centres.
Date posted: October 28, 2017. Answers (1)
- State and explain types of market segmentation.(Solved)
State and explain types of market segmentation.
Date posted: October 28, 2017. Answers (1)
- Outline the limitations of autocratic leadership style.(Solved)
Outline the limitations of autocratic leadership style.
Date posted: October 26, 2017. Answers (1)
- When is laissez faire type of leadership style available?(Solved)
When is laissez faire type of leadership style available?
Date posted: October 26, 2017. Answers (1)
- What are the benefits of planning?(Solved)
What are the benefits of planning?
Date posted: October 26, 2017. Answers (1)
- What are the steps for rational decision making?(Solved)
What are the steps for rational decision making?
Date posted: October 26, 2017. Answers (1)
- Outline the characteristics of production.(Solved)
Outline the characteristics of production
Date posted: October 26, 2017. Answers (1)
- What are the assumptions in production?(Solved)
What are the assumptions in production?
Date posted: October 26, 2017. Answers (1)
- What is the role of capital in production?(Solved)
What is the role of capital in production?
Date posted: October 26, 2017. Answers (1)
- State and explain the types of division of labour.(Solved)
State and explain the types of division of labour.
Date posted: October 26, 2017. Answers (1)
- Differentiate between short run and long run production functions.(Solved)
Differentiate between short run and long run production functions.
Date posted: October 26, 2017. Answers (1)
- What are the stages of production?(Solved)
What are the stages of production?
Date posted: October 26, 2017. Answers (1)
- What are the properties of an isoquant?(Solved)
What are the properties of an isoquant?
Date posted: October 26, 2017. Answers (1)
- Differentiate between leader and a manager.(Solved)
Differentiate between leader and a manager.
Date posted: October 25, 2017. Answers (1)