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TABLE 6-7
A company has 125 personal computers.The probability that any one of them will require repair on a given day is 0.15.
-Referring to Table 6-7,which of the following is one of the properties required so that the binomial distribution can be used to compute the probability that no more than 2 computers will require repair on a given day?
Profitable
Being profitable means that a company or business generates more revenue than the costs involved in its operation, resulting in a positive financial gain.
Friendly Merger
A merger agreed upon by all parties involved, where the companies willingly combine due to perceived mutual benefits.
Hostile Merger
A takeover attempt that is made against the wishes of the target company's management and board of directors.
Merger Negotiations
Discussions and strategic planning between two or more companies with the goal of combining their operations, typically to achieve synergies.
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