THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 195

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The following table presents the probability distribution function for the number of claims processed per hour at an insurance agency.

-Which of the following is true?

• A)P(X > 4)= 0.46
• B)P(X ≤ 4)= 0.27
• C)P(X > 2)= 1.00
• D)P(X ≥ 6)= 0.10

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Definitions:

Promotional Campaign

A coordinated series of marketing messages and activities aimed at generating awareness or stimulating demand for a product or service.

Competitors' Strengths

The unique advantages or positive attributes that competitors possess, which can include superior technology, market position, or customer service.

Just-In-Time Processes

A strategy in manufacturing and inventory management where materials and products are produced or acquired only as needed for immediate use, minimizing waste and storage costs.

Green Marketing

Marketing efforts designed to promote products and services that are environmentally friendly, often emphasizing sustainability.