Suppose That During a Given Week, 20 New Customers Have

question 55

Multiple Choice

Suppose that during a given week, 20 new customers have signed up for a specialized service your company provides.Eight of these new customers are automotive companies, and the remaining twelve are financial services firms.If a random sample of 5 of these new customers will be selected for a study of customer satisfaction in one month, what is the probability that 2 of the selected customers are financial services firms?

• A)0.232
• B)0.234
• C)0.236
• D)0.238
• E)0.240

Understand the relationship between turnover, margin, and ROI.

Analyze financial statements to identify key performance indicators.

Understand the importance of the minimum required rate of return in financial decision-making.

Calculate and interpret the turnover ratio.