THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 105

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
-What is the probability that more than 22.7% of these 50 invoices are for more than $800?

• A)0.1368
• B)0.2266
• C)0.3156
• D)0.2734

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Definitions:

Need-Satisfaction

A sales approach focusing on identifying and meeting the explicit needs of the customer with suitable products or services.

Highly Structured

Describes systems or processes that are organized in a clear, well-defined manner, often with strict rules or arrangements.

Memorized Sales Presentation

A sales presentation that is thoroughly learned by heart, allowing the salesperson to deliver it from memory with confidence and precision.

Little Talking

The practice of minimal verbal communication, focusing instead on brevity and directness in conversation or negotiation.