David's Gasoline Station Offers 4 Cents Off Per Litre If

question 99

Multiple Choice

David's gasoline station offers 4 cents off per litre if the customer pays in cash and does not use a
Credit card. Past evidence indicates that 40% of all customers pay in cash. During a one-hour period
Twenty-five customers buy gasoline at this station.
What is the probability that more than ten and less than fifteen customers pay in cash?

• A) 0.541
• B) 0.401
• C) 0.380
• D) 0.562

Understand how hypotheses are utilized in psychological research to predict behaviors or outcomes.

Describe the methodological and ethical considerations in using animals for research.

Understand the characteristics and technical understanding of creative individuals.

Recognize various types of innovations, including managerial, process, and product innovations.

---

Definitions:

Fixed Plant Capacity

The maximum output level that a plant can achieve with the current facilities and resources over a specific period.

Industry Entry

The act or process of beginning to compete in a new or existing market as a new participant.

Nonlabor Resources

Assets or materials used in production that do not involve human labor, such as machinery, raw materials, and buildings.

Average Product

This metric calculates the output produced per unit of input, such as labor or capital, used in the production process, often used to measure productivity levels.