Suppose That Past History Shows That 60% of University Students

question 111

Short Answer

Suppose that past history shows that 60% of university students prefer Brand C cola.A sample of five students is to be selected.
-The probability that less than two prefer Brand C is ______.

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Definitions:

Gross Profit Rate

The ratio of gross profit to net sales, indicating the efficiency of a company in managing its production and labor costs.

Intra-entity Transfer

A transaction occurring between divisions or units within the same legal entity.

Noncontrolling Interest

An ownership interest in a corporation that is less than 50%, not allowing for control over the company's operations.

Depreciable Asset

A tangible or intangible asset used in operations that can be depreciated over its useful life due to wear and tear, deterioration, or obsolescence.