THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 114

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
A recent survey found that 40% of all air traffic controllers found their job extremely stressful.Suppose 12 air traffic controllers are selected at random.
-What is the probability that two or more of them consider their job extremely stressful?

• A)0.7218
• B)0.9804
• C)0.0282
• D)0.2806

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Definitions:

Introduction Stage

The stage of the product life cycle that occurs after the firm launches the product into the marketplace and innovators begin to buy it.

Product Life Cycle

The progression of a product through stages of introduction, growth, maturity, and decline, affecting marketing strategy and management decisions.

Profits

Revenue minus total costs.

Early Majority

A group in the technology adoption lifecycle that represents consumers who adopt new technology or products after a new concept has been proven by the innovators and early adopters.