Suppose Students Arrive at an Advising Office at a Rate

question 54

Multiple Choice

Suppose students arrive at an advising office at a rate of 30 per hour.Which of the following distributions would you use to determine the probability that the next two students will arrive 30 minutes apart?

• A)Normal distribution.
• B)Poisson distribution.
• C)Uniform distribution.
• D)Exponential distribution.

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Definitions:

Global Expansion

The strategic growth of a company beyond its home country, entering new markets to increase market share, diversify, and achieve economies of scale.

Growth Strategy

A strategy that involves expansion of the organization’s current operations.

Attractive Industry

A sector of the economy that is appealing to investors and companies due to its potential for high profitability, growth, and stable demand.

Competitors

Businesses or individuals that offer similar products or services and compete for the same market share or audience.