THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 79

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The production manager at a local manufacturing plant is concerned about work stoppages in the four production lines.In particular,the manager is evaluating the likelihood of the next stoppage occurring on production line 1.
-If each of the lines is equally likely to have the next stoppage,the probability that production line 1 is stopped next is 25%.This is an example of:

• A)subjective probability.
• B)classical probability.
• C)relative frequency probability.
• D)Bayesian probability.

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Definitions:

Assumptive Close

A sales technique where the salesperson assumes the customer has decided to make a purchase and proceeds with steps to finalize the sale, often leading to a sense of inevitability about the transaction.

Long-Term Customers

Clients or buyers who have been purchasing products or services from a business for an extended period, showing loyalty.

Complimentary Close

A polite phrase used to end a letter or email, such as "Best regards" or "Warmly," before the sender's signature.

Self-Styled Expert

An individual who claims to have expertise or knowledge in a particular area without formal recognition or credentials.