The Basic Rule of Probability Is That

question 30

Multiple Choice

The basic rule of probability is that:

• A)The best that can happen will probably happen.
• B)The worst that can happen will probably happen.
• C)Each member of the population has an equal probability of being selected for inclusion in the sample.
• D)Mathamatical theories probably work.

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Definitions:

Community Responsibility

The duty of businesses and organizations to contribute positively to the welfare of the society and the environment in which they operate.

Stakeholder Responsibility

Stakeholder responsibility refers to the obligation of an organization to act in the best interests of all parties who have a stake in its operations and outcomes.

Benefit Marketing

A marketing strategy that focuses on highlighting the advantages or benefits that a product or service offers to consumers.

Profit Responsibility

An obligation to manage activities and resources in such a way as to achieve financial profitability for an organization.