The Probability That a Person Will Have 0, 1, or 2

question 115

Multiple Choice

The probability that a person will have 0, 1, or 2 dental checkups per year is 0.3 0.1, respectively. If seven people are picked at random, what is the probability that two
Will have no checkups, four will have one checkup, and one will have two checkups in
The next year?

• A) 0.588
• B) 0.012
• C) 0.122
• D) 0.018

Understand the principles of mistake of value versus mistake of fact in contract disputes.

Understand the steps and components of the customer relationship management (CRM) process.

Identify techniques and tools for analyzing customer data to enhance customer relationships.

Recognize the importance of increasing customer lifetime value and share of customer through CRM efforts.