In a Recent Survey, 80% of the Community Favored Building

question 65

Multiple Choice

In a recent survey, 80% of the community favored building a police substation in their neighborhood. If 15 citizens are chosen, what is the standard deviation of the number favoring the substation?

• A)1.55
• B)2.40
• C)0.98
• D)0.55

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Definitions:

Product Life Cycle

The stages a product goes through from development and introduction to the market, to growth, maturity, and eventually decline.

Broaden Distribution

The expansion of a product's availability across a wider range of outlets or geographical areas to increase market reach and customer access.

Skimming Pricing

A pricing strategy where a high price is set for a new product to maximize profits from customers willing to pay more before reducing the price over time.

Solar Rechargeable Batteries

Batteries that can be charged using solar energy, often used in conjunction with solar panels for eco-friendly energy storage.