Dorothy Little Purchased a Mailing List of 2,000 Names and Addresses

question 86

Multiple Choice

Dorothy Little purchased a mailing list of 2,000 names and addresses for her mail order business, but after scanning the list she doubts the authenticity of the list.She randomly selects five names from the list for validation.If 40% of the names on the list are non-authentic, and x is the number of non-authentic names in her sample, P(x>0) is ______________.

• A)0.2172
• B)0.9533
• C)0.1846
• D)0.9222
• E)1.0000

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Definitions:

Inventory Cost

Refers to the total cost associated with holding and managing inventory, including storage, insurance, taxes, spoilage, and obsolescence costs.

Managerial Activities

The range of tasks and responsibilities undertaken by managers to plan, organize, lead, and control operations within an organization.

Logistics Systems

Complex networks involving the movement and storage of goods, information, and services from origin to consumption.