THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 142

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
It has been found that 62.1% of all unsolicited third class mail delivered to households goes unread.Over the course of a month,a household receives 100 pieces of unsolicited mail.
-What is the variance of the proportion?

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Definitions:

Pledge Funds

Investment funds where investors commit capital to be called upon by the fund managers as investment opportunities arise, typically used in real estate and private equity.

Limit Expenditure

Strategies or practices aimed at restricting the amount of money spent on specific goods, services, or activities.

Sole Proprietorship

A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business.

Maximum Management Flexibility

The ability of managers to adapt quickly and effectively to changing conditions or opportunities in the business environment.