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

---

Definitions:

Ethnographic Research

A qualitative research method focused on studying cultures and communities through direct observation, participation, and immersion.

Field Study Research

A research method involving the collection of data outside of a laboratory setting, in the natural environment where phenomena of interest occur.

Spurious

Lacking authenticity or validity in essence or origin; not genuine, false.

Association

A connection or cooperative link between people, organizations, or concepts.