THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 225

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
It is known that 70% of the customers in a sporting goods store purchase a pair of running shoes.A random sample of 25 customers is selected.Assume that customers' purchases are made independently,and let X represent the number of customers who purchase running shoes.(Hint: Solve using Excel. )
-What is the probability that exactly 18 customers purchase running shoes?

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Definitions:

Leverage

The use of borrowed capital to increase the potential return of an investment, also referring to the ability to influence situations or people to achieve a particular outcome.

Management's Flexibility

The ability of a company's management to adapt to changes in the business environment, including altering strategies and operational processes.

Financing Decisions

Choices made by a company regarding the best methods to finance its operations or expansions, including equity, debt, or internal funds.

Bond Sales

The process of selling debt securities or bonds to investors as a way of raising capital for governmental bodies or corporations.