For a Particular Clothing Store, a Marketing Firm Finds That

question 13

Multiple Choice

For a particular clothing store, a marketing firm finds that 16% of $10-off coupons delivered by mail are redeemed. Suppose six customers are randomly selected and are mailed $10-off coupons. What is the expected number of coupons that will be redeemed?

• A) 0.81
• B) 0.96
• C) 3.42
• D) 5.04

---

Definitions:

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by an option.

Forms

Documents with a prescribed format used for processing information relevant to business transactions, applications, surveys, or registrations.

Small Reporting Company

A designation by the SEC for smaller public companies that allows them to comply with less stringent financial reporting and disclosure requirements.

Annual Revenues

The total income generated by a business from its operations over a fiscal year before any expenses are subtracted.