(a) A type of light bulb is labeled as having an average lifetime of 1000 hours. Its reasonable to model the probability of failure of these bulbs by an exponential density function with mean 1000. Use this model to find the probability that a bulb (i) fails within the first 200 hours, (ii) burns for more than 800 hours. (b) What is the median lifetime of these light bulbs?
Leslie Ogu ORSC 1109 03/28/2016 Culture (cont’d) Culture ● Three Circle Model and Alignment ● Founders ● Social ● Institution v. Individual What does it do ● Meaning and Sensemaking ○ What kind of culture is housed in the organization ○ What role should culture play ○ What is culture to the employees ○ How does the organization support the organization ● Facilitates adaptation ● Decisionmaking (Racy!) ○ Daytoday decisions ○ How urgent is a certain matter ● Strategically Adaptive ○ Strategy is a pattern of decisions, choices, intentions, etc ○ Actions ● Core