A Study Conducted by a Local University Found That 25

question 45

Multiple Choice

A study conducted by a local university found that 25 percent of college freshmen support increased spending on environmental issues.If 6 college freshmen are randomly selected,find the probability that fewer than 4 support increased spending on environmental issues.

• A) .0330
• B) .7844
• C) .9624
• D) .9954

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Definitions:

Differentiation Strategy

A business approach in which a company seeks to distinguish its products or services from competitors through unique features.

Strategic Planning

The process of defining a company's strategy or direction and making decisions on allocating resources to pursue this strategy, including its capital and people.

Competitive Advantage

A condition that enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with.

Resources

The total means available for economic and operational development, such as natural resources, personnel, and capital.