Of the Last 400 Customers Entering a Supermarket, 20 Have

question 75

Short Answer

Of the last 400 customers entering a supermarket, 20 have purchased a mobile phone. If the classical approach for assigning probabilities is used, the probability that the next customer will purchase a mobile phone is: $$\begin{array} { | l | l | } \hline \text { A. } & 0.80 . \\\hline \text { B. } & 0.20 . \\\hline \text { C. } & 0.05 \\\hline \text { D. } & 0.50 . \\\hline\end{array}$$

Learn about the concept of a carbon footprint and its relevance in tracking environmental impacts.

Understand the socio-environmental concept of population checks and their implications.

Differentiate between the first and second waves of environmentalism and their theoretical contexts.

Recognize the social and environmental challenges associated with disposable societies and demographic transitions.

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Definitions:

Stakeholders

Stakeholders are individuals, groups, or organizations that have an interest in the performance and actions of a company, which can include shareholders, employees, customers, and suppliers.

Conflicts of Interest

Situations where an individual's or entity’s obligations to multiple parties could compromise the decision-making or actions taken, typically due to a clash between personal and professional interests.

Accounting Profit

The net income of a company as calculated by subtracting total expenses from total revenue, according to accounting rules.

Agency Problem

A conflict of interest arising between parties with a principal-agent relationship, where the agent's actions may not align with the principal's best interests.