Use the Following Information to Answer the Question

question 55

Multiple Choice

Use the following information to answer the question. Suppose that the probability that a person books a hotel using an online travel website is 0.68. For the questions that follow, consider a sample of fifteen randomly selected people who recently booked a hotel.
-What is the probability that exactly ten people out of fifteen people used an online travel website when they booked their hotel? Round to the nearest thousandth.

• A)0.552
• B)0.048
• C)0.287
• D)0.213

Analyze decisions involving transfer pricing and their implications for company-wide coordination and profit.

Understand the characteristics and advantages of functional organization in firms.

Recognize the features and benefits of M-Form (Multidivisional Form) organizational structures.

Identify examples of organizational architectures based on functions, customer types, or locations.

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Definitions:

Psychodynamic Theorists

Specialists who explore the influence of unconscious mind on behavior, emphasizing childhood experiences, interpersonal relationships, and emotional drives.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions.

Sociocultural Model

A theory that examines how social and cultural factors influence individual behavior, health, and psychological processes.

Cultural Factors

Elements within a society that influence the thoughts, behaviors, and customs of individuals, such as traditions, values, and beliefs.