Historical Data Indicates That Only 20% of Cable Customers Are

question 97

Multiple Choice

Historical data indicates that only 20% of cable customers are willing to switch companies.If a binomial process is assumed,then in a sample of 20 cable customers,what is the probability that no more than 3 customers would be willing to switch their cable?

• A)0.85
• B)0.15
• C)0.20
• D)0.411
• E)0.589

---

Definitions:

Weyerhaeuser Company

An American multinational forest products company, primarily engaged in the production of timber, manufacturing of wood products, and real estate development.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on their expectations of the outcome and the value they place on that outcome.

Marketing Plan

A strategic document outlining an organization's efforts to promote its products or services to the target audience.

Specific Learning Goal

A clear and precise objective set to acquire certain knowledge or skills within a defined timeframe.