Use the Appropriate Probability Model (Binomial)

question 3

Multiple Choice

Use the appropriate probability model (Binomial) .
-Internet service providers (ISP) need to resolve customer problems as quickly as
Possible. For one ISP, past data indicates that the likelihood is .80 that customer calls
Regarding Internet service interruptions are resolved within one hour. Out of the next 10
Customer calls about interrupted service, the probability that exactly 7 will be resolved
Within one hour is

• A) 0.2013.
• B) 0.8791.
• C) 0.7897.
• D) 0.3452.
• E) 0.1209.

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Definitions:

Strategic Approaches

Methods or plans of action designed to achieve a long-term or overall aim in various contexts including business, negotiation, or conflict resolution.

Tangible Factors

Physical or material aspects that can be observed and measured in a decision-making process.

Intangible Factors

Elements that cannot be seen or touched but still significantly affect outcomes, such as reputation or brand value.

Negotiation

is the process of discussing and coming to mutual agreements between parties with differing interests.