A Company Has 20 Cars That Are Available for Use

question 10

True/False

A company has 20 cars that are available for use by company executives for official business purposes. Six of these cars are SUVs, 8 are luxury type cars, and the rest are basic sedans. Suppose the cars are randomly assigned each week. If 5 cars are put into use, the chance that none of the SUVs or luxury cars will be in the group is approximately .0004.

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Definitions:

Open-door Policy

A management approach where executives are approachable and available to employees for consultation, fostering a culture of openness and communication.

Workplace E-mail Systems

Workplace E-mail Systems are digital platforms used within organizations to facilitate communication and information exchange among employees.

Management Oversight

The supervision and review process conducted by senior management to ensure alignment with strategic goals and operational standards.

Telecommuting

A work arrangement in which employees perform their job duties from an off-site location, often using technology to stay connected to their workplace.