Exhibit 5-11 the Random Variable X Is the Number of Occurrences of Occurrences

question 47

Multiple Choice

Exhibit 5-11
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3.
-Refer to Exhibit 5-11. The probability that there are 8 occurrences in ten minutes is

• A).0241
• B).0771
• C).1126
• D).9107

Understand the transition of small businesses to professional management including delegation.

Recognize the need for and attributes of planning and managing growth in a professionally managed small business.

Distinguish between the various stages of small business growth.

Understand the significance of leadership and managerial skills in small businesses.