Tabulation of a Strike Vote Showed That 90% of Those

question 82

Multiple Choice

Tabulation of a strike vote showed that 90% of those voting cast their ballot in favour of strike
Action. You take a sample of 50 voters. Assume this to be a binomial distribution.
What is the probability that more than 45 of the voters from your sample voted in favour of strike
Action?

• A) 0.50
• B) 0.0948
• C) 0.5948
• D) 0.4052

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Definitions:

Market-Based View

A strategic approach that emphasizes the importance of external market positions and the exploitation of opportunities and threats.

Resource-Based View

A perspective in strategic management that focuses on the importance of a firm's internal capabilities in achieving competitive advantage.

Strategy Development

The process of defining an organization's direction, making decisions on allocating resources, and pursuing actions to achieve long-term goals.

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in shaping a firm's strategy and competitive advantage.