The Following Probability Distribution Was Subjectively Assessed for the Number

question 12

True/False

The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day.
Given this distribution,the probability that the number of sales is more than 2 is 0.80.

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Definitions:

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.

Marketable Securities

Financial instruments that can be easily converted into cash, such as stocks or bonds.

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institute.

Initial Capital Requirements

The amount of funds required to start a business, covering costs such as land, buildings, equipment, inventory, and working capital.