Assume That Each of the N Trials Is Independent and That

question 111

Multiple Choice

Assume that each of the n trials is independent and that p is the probability of success on a given trial. Use the binomial probability formula to find P(x) . Round to four decimal places.
- $$\mathrm { n } = 16 , \mathrm { x } = 3 , \mathrm { p } = \frac { 1 } { 5 }$$

• A) 0.2709
• B) 0.3202
• C) 0.2463
• D) 0.2955

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Definitions:

SELL Sequence

SELL sequence is a sales strategy that outlines a sequence of steps Salespersons follow to effectively sell a product or service, usually involving stages like Show, Explain, Lead, and Lock.

Sales Presentation

A pitch or demonstration given by a salesperson to persuade potential buyers to purchase a product or service.

FAB Selling Technique

A presentation technique stressing features, advantages, and benefits of a product.

Benefit Selling

A sales approach that focuses on communicating the benefits and value of a product or service to the customer, rather than just its features.