The Probability That a Particular Brand of Smoke Alarm Will

question 30

Multiple Choice

The probability that a particular brand of smoke alarm will function properly and sound an alarm in the presence of smoke is 0.8. A batch of 100,000 such alarms was produced by independent production lines. Which of the following distributions would you use to figure out the probability that at least 90,000 of them will function properly in case of a fire?

• A) Exponential distribution
• B) Poisson distribution
• C) Normal distribution
• D) Uniform distribution

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Definitions:

Concept of Reciprocity

A social norm that involves mutual exchange of favors or privileges, where an act of generosity or kindness is repaid in kind.

Market Specialization

A strategy where a business focuses on a specific market niche, offering specialized products or services to satisfy the particular needs of that market segment.

Customized Marketing Programs

Tailored marketing strategies and campaigns designed to meet the specific needs and preferences of a targeted customer segment or individual customer.

Evoked Set

A group of relevant brands or products that a consumer recalls from memory when making a purchase decision.