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Management
Business Statistics
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Three numbers an selected at random without replacement from the set of the numbers [1, 2, . . . ., N]. The conditional probability that the third number lies between the first two numbers if the first number is known to be smaller than the second is
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A movement along a demand curve indicates that a different quantity is being demanded. This movement is due to
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Match the following List-I (Organisation) List-II (Year of Formation) a. Khadi and Village Industries Commission 1. 1971 b. Risk Capital and Technology Finance Corporation Ltd. 2. 1942 c. Coffee Boards 3. 1988 d. Jute Corporation of India 4. 1975 5. 1956
Which of the following statements are true/false? 1. Piece rate system is easy to calculate the wages under this method as it provides certainty of the amount of wage payment to the employee. 2. In time wage system, there is fixed wage because the wages are dependent on the units of pieces produced. 3. Time wage system is based on the fact that the workers are paid on the basis of amount of time they spend on the doing the particular job. 4. Piece rate system is based on the fact that workers are paid the wages on the basis of quantity and quality of work performed by them.