Churches, schools, and other nonprofit institutions have held jelly bean counting contests where contestants compete for a
Question:
Churches, schools, and other nonprofit institutions have held jelly bean counting contests where contestants compete for a prize by estimating the number of jelly beans in a large jar. There is evidence suggesting that averages of contestant estimates tend to be superior to specific individual estimates. Why might this be true?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Each contestant has his own method for estimating the number of jelly beans ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In early 2004, Donald Trump took the idea of using a tournament for hiring executives to a whole new level with the premiere of the TV show The Apprentice. On the show, a group of contestants compete...
-
How Companies Should Prepare Their Forecasts C. Fritz Foley Mark Khavkin April 15, 2019 Senior management teams tend to focus on achieving results that will show up on their most current income...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Food Enterprises is analyzing the performance of their retail business and have calculated Value At Risk at $17,350,000 under the statistical method at a 95% confidence level, and a mean of $898,000....
-
AOZT Volzhskije Motory of St. Petersburg, Russia, makes marine motors for vessels ranging in size from harbor tugs to open-water icebreakers. (The Russian currency is the ruble, which is denoted by...
-
A rectangular steel bar supports the two overhanging loads shown in the figure. Using superposition, find the deflection at the ends and at thecenter. 300 300 500 400 N 400 N Bar, b 6, h 32
-
Suppose that the probabilities are, respectively, 0.40,0.40, and 0.20 that in city driving a certain kind of imported car will average less than 22 miles per gallon, anywhere from 22 to 25 miles per...
-
Engine oil flows through a 25-mm-diameter tube at a rate of 0.5 kg/so The oil enters the tube at a temperature of 25C, while the tube surface temperature is maintained at 100C. (a) Determine the oil...
-
Please provide a short paragraph response for each of the questions below. Do you think it's right or justified to have an unregulated Marketing Research industry? How do you see the role of...
-
In our discussion of prospect theory, we considered the following choice of gambles: Gamble A: 0.33 probability of receiving 2500, 0.66 of receiving 2400, and 0.01 of receiving 0 Gamble B: 100%...
-
Suppose that you were to perform an experiment on subjects to determine whether they prefer to have coffee mugs or money. You plan to use a large representative sampling of individuals and endow half...
-
Many investors who bought stocks in 2000 and held them through 2010 found that they had received a negative real return on their investment over the 10-year period. Why would investors have invested...
-
Explain why a bill and hold sale causes cash flow from operations (CFFO) to lag behind operating income.
-
Another sign of Xeroxs fictitious reporting scheme is that the notes to the financial statements reflect the following: (a) Reclassification of revenue stream. (b) Change in the estimates of discount...
-
Insignias understatement of its allowance for returns is an example of overstating revenue via: (a) Improper valuation of revenue recognition. (b) Improper timing of revenue recognition. (c)...
-
Push Company is a lawn mower manufacturer. Push was falling short of meeting its sales estimates for its December 31 fiscal year end. The company expected to receive a large order for $40,000 of lawn...
-
What is the incentive for managers to overstate a restructuring reserve in the current period in order to reverse it in future periods, since overstating the restructuring reserve decreases net...
-
Using the information in E9 about the operations of Blue River Physical Therapy Services and assuming that the costs incurred in the revenue centers are for overhead, determine the overhead rate per...
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
If a company wants its promotion to appeal to a new group of target customers in a foreign country, how can it protect against its communications being misinterpreted?
-
Promotion has been the target of considerable criticism. What specific types of promotion are probably the object of this criticism? Give a particular example that illustrates your thinking.
-
With direct-response promotion, customers provide feedback to marketing communications. How can a marketing manager use this feedback to improve the effectiveness of the overall promotion blend?
-
5) (8pts) You may use a language like Matlab to solve matrix inverse for this problem. a) (2) What is the Condition number of A = [2 31 3 -2 2 1 1 1 [2-14 4 -1 3 2 b) (2) How much error could you...
-
Trace the code of the program to find out the program output. Hand trace the code using a table showing the values of the variables at each iteration. Which is the program output with inputs x 10 and...
-
2. (18') Define x = 2, y = 4, z = 5.5. Then, your script should calculate and display the results in the command window: a. x+2 x y z b. x (y-z) c. x + y+z3 d. ( e. f. ez
Study smarter with the SolutionInn App