The Hypergeometric Random Variable X Counts the Number of Successes

question 2

True/False

The hypergeometric random variable x counts the number of successes in the draw of 5 elements
from a set of 12 elements containing 7 successes. The numbers 0, 1, 2, 3, 4, 5, 6, and 7 are all
possible values of x.

---

Definitions:

Marketing Mix Actions

Strategies and tactics adopted in varying the four Ps (Product, Place, Price, Promotion) to meet customer needs and reach marketing objectives.

SWOT Analysis

SWOT Analysis is a strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Planning Phase

The initial stage of a project or business strategy, where goals are set and tasks are outlined to achieve those goals.

Market-Product Grids

A strategic planning tool used to visualize and analyze relationships between different markets and products, facilitating decisions on where to focus marketing and product development efforts.