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The Probability of a Small Business Declaring Bankruptcy Was Believed

question 132

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The probability of a small business declaring bankruptcy was believed to be the same in any month.Also the number of small businesses that declared bankruptcy was the same every month.Which of the following distributions would you use to determine the probability that more than 3 bankruptcies will occur next month?


Definitions:

North America

A continent located in the northern hemisphere, bordered by the Atlantic Ocean to the east and the Pacific Ocean to the west.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a tendency to view other cultures through one’s own cultural lens.

Culturally Diverse

Refers to the inclusion of individuals from various cultural, ethnic, and racial backgrounds.

Low-context Culture

A communication style where messages are explicit and clear, relying less on situational context and more on direct words.

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