5. (5 marks) A tou experience, the tour operator supposes there is a 10% chance of a no-show, independent of other ticket purchasers. The tour operator justifies that if there is a 10% (1 in 10)...
5. (5 marks) A tour bus can hold 25 tourists. Tickets costs $50 and are non-refundable. From previous experience, the tour operator supposes there is a 10% chance of a no-show, independent of other ticket purchasers. The tour operator justifies that if there is a 10% (1 in 10) chance of a no show, he should expect that out of 25 tickets sold, on average 2.5 will not show up. In which case, the tour operator decides to sell 27...
Is anyone help me this question? CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption is a fact of lifie in China. In fact Transparency Interna-fo travel to cash or gifts. (This was especially true when few tional, a German organization that applies its Corruption PerceptionPRC officials had been abroad.) As a result, traders report that Index (CP) globally. rates China with a CPl of 3.6 and is number dangling foreign trips in fromt of their PRC clients has...