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Replacement times for TV sets are normally distributed with a mean of 8.2 years and a standard
Deviation of 1.1 years, (based on data from "Getting Things Fixed," Consumer Reports) .
(i. The replacement time that separated the top 20% from the bottom 80% is 9.124 years.
(ii. The probability that a randomly selected TV will be replaced in less than 4.0 years is 0.00.
Leaders
Individuals who inspire, influence, and guide others in a way that contributes to the achievement of a group or organizational goals.
Followers
Individuals who support and are guided by a leader or a leading group, often within an organizational or movement context.
Formal Authority
Power or the right to give orders, make decisions, and enforce obedience, derived from a formal position or title.
Organizations
Groups or associations where individuals collectively pursue set objectives or goals, usually in a structured and managed way.
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