Stacey's Client Group Has Been Gradually Shrinking and She Is

question 130

Multiple Choice

Stacey's client group has been gradually shrinking and she is looking for new prospective clients. She has decided to spend a couple of days approaching potential customers without any prior consent. Stacey's method of approach is known as

• A)referral approach.
• B)ambulance chasing.
• C)door-to-door selling.
• D)cold canvass.
• E)repeat contact.

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Definitions:

Discrete Random Variable

A variable that takes on a countable number of distinct values, often used in probability theory and statistics.

Expected Value

The long-run average value of repetitions of the same experiment or process, representing the central tendency.

Laws of Expected Value

Mathematical rules that describe the properties of the expected value, highlighting how it behaves with respect to various operations like addition and multiplication.

Probability Distribution

A mathematical description of the likelihood of various outcomes from a random process.