Jake loaned elwood $5,000 for one year at a nominal interest rate of 10 percent. after elwood repaid the loan in full, jake complained that he could buy 4 percent fewer goods with the money elwood gave him than he could before he loaned elwood the $5,000. from this, we can conclude that the rate of inflation during the year was

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?