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

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Definitions:

Corporate Shareholders

Individuals or entities that legally own one or more shares of stock in a public or private corporation, granting them rights to dividends and a vote in company matters.

Liability

A cost when a corporate’s responsibility has not been met.

Partnership

Exists when two or more persons associate to conduct a business.

Regulations

Regulations are rules or directives made and maintained by an authority to control or govern behavior within a specific system.