Twenty-Five Individuals Are Randomly Selected Out of 100 Shoppers Leaving

question 92

Multiple Choice

Twenty-five individuals are randomly selected out of 100 shoppers leaving a local bedding store.Each shopper was asked if they made a purchase during their visit.Each of the shoppers has the same probability of answering 'yes' to having made a purchase.The probability that exactly four of the twenty-five shoppers made a purchase could best be found by _______.

• A)using the normal distribution
• B)using the binomial distribution
• C)using the Poisson distribution
• D)using the exponential distribution
• E)using the uniform distribution

---

Definitions:

Hostile Takeover

An acquisition attempt by a company or individual against the wishes of the target company's management and board of directors.

Amalgamation

The merger or consolidation of two or more companies into a new entity, combining their assets, liabilities, and operations.

Consolidation

A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.

Merger

The combination of two or more companies into one, where one company survives and the others cease to exist, aiming to increase market share and efficiency.