Use the Following Information to Answer the Question

question 34

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 no more than four out of fifteen people used an online travel website when they booked their hotel? Round to the nearest thousandth.

• A)0.001
• B)0.111
• C)0.321
• D)None of these

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Definitions:

Compensation Strategy

The method by which a company determines and allocates rewards and benefits to its employees, ensuring competitive pay and job satisfaction.

Employment Standards Legislation

Laws and regulations that define minimum employment conditions, rights, and protections for workers, such as hours of work, wages, and leave entitlements.

Financial Means

The monetary resources available to an individual, organization, or country.

Skill Sets

A combination of abilities, qualifications, and experiences that an individual possesses, making them suitable for a particular job or task.