Suppose That Past History Shows That 60% of College Students

question 58

Short Answer

Suppose that past history shows that 60% of college students prefer Brand C cola. A sample of 5 students is to be selected. The probability that at least 1 prefers Brand C is ________.

---

Definitions:

Incentives

Rewards or benefits offered to encourage specific behaviors or actions from individuals or groups.

Strategic Planning

The process of defining an organization's direction, making decisions on allocating its resources to pursue this strategy, and setting goals based on long-term objectives.

360-degree Reviews

A feedback mechanism where an employee's performance is evaluated by a comprehensive group including supervisors, peers, subordinates, and sometimes clients.

HR Policies

The formal rules and guidelines that businesses put in place to hire, train, assess, and reward the members of their workforce.