We Believe That 81% of the Population of All Business

question 6

Multiple Choice

We believe that 81% of the population of all Business Statistics students consider statistics to be an exciting subject. Suppose we randomly and independently selected 39 students from the population. How many of the sampled students do we expect to consider statistics to be an exciting subject?

• A) 31.59
• B) 33.82
• C) 39
• D) 32.16

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Definitions:

Lower Prices

A strategy where a seller reduces the cost of their goods or services to attract more customers or undercut competitors.

Higher Prices

An economic condition signifying an increase in the cost of goods and services in the market.

Bartering Online

A system that facilitates the exchange of goods and services between parties without the use of money, conducted over the internet.

Surplus Products

Items that exceed the demand, often ending up in inventory without being sold, possibly due to overproduction or miscalculated market needs.