It a Recent Study of College Students Indicated That 30

question 56

Multiple Choice

It a recent study of college students indicated that 30% of all college students had at least one tattoo. A small private college decided to randomly and independently sample 15 of their students and ask if they have a tattoo. Find the standard deviation for this binomial random variable. Round to the nearest hundredth when necessary.

• A) 1.77
• B) 3.15
• C) 4.5
• D) 10.5

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Definitions:

Customer Focused

An approach in business that prioritizes the needs and satisfaction of customers in product and service development.

Product Pricing

The strategy of setting the appropriate cost for a product based on production costs, competition, target audience affordability, and market conditions.

Retain Customer

Strategies and activities aimed at keeping a company's existing customers engaged and satisfied with its products or services, thereby increasing loyalty and reducing churn.

Business Plan

A description of the direction for a new business and the financing needed to operate it.