Solve the Problem

question 150

Multiple Choice

Solve the problem. Round the point estimate to the nearest thousandth.
-445 randomly selected light bulbs were tested in a laboratory, 316 lasted more than 500 hours. Find a point estimate of the proportion of all light bulbs that last more than 500 hours.

• A) 0.415
• B) 0.708
• C) 0.710
• D) 0.290

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Definitions:

Recovery Stage

In crisis management, the recovery stage is the phase where an organization begins to recover from a crisis, focusing on restoring operations, repairing damages, and improving relationships with stakeholders to regain trust.

Coombs' Three-Stage Model

A crisis communication framework that outlines three phases—pre-crisis, crisis, and post-crisis—for managing an organization's response to a crisis.

Crisis Communications

The strategies and actions taken by an organization to communicate effectively during times of crisis to manage its reputation.

Natural Disaster

Severe and catastrophic weather events or geological occurrences that cause significant damage, harm, or loss.