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A binomial distribution has 100 trials (n = 100) with a probability of success of 0.25 (π = 0.25) . To apply the normal distribution to approximate the binomial,what are the mean and standard deviation?
Functional Strategy
A specific, detailed plan developed for departments such as marketing, finance, or production, focusing on achieving departmental goals aligned with the company’s overall strategy.
Business Strategy
A plan of action employed by businesses to achieve competitive advantage and meet their goals.
Implementing Strategy
The actions, steps, and practices involved in carrying out strategies to achieve organizational goals.
Corporate Strategy
The overall plan or direction that a company adopts in order to achieve its long-term goals and objectives.
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