THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 180

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,an RV sales lot sells six RVs per month.Assume the number of sales of RVs per month follows the Poisson distribution.
-What is the probability that exactly six RVs are sold next month?

• A)0.266
• B)0.508
• C)0.232
• D)0.161

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Definitions:

Market-product Grid

A matrix used to analyze and display the potential of various products across different market segments.

Marketing Synergies

The combined effect that is greater than the sum of their individual effects, achieved by coordinating marketing activities.

Product Differentiation

A marketing strategy where a company attempts to make its product appear unique and more attractive than those of its competitors.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.