Dorothy Little Purchased a Mailing List of 2,000 Names and Addresses

question 4

Multiple Choice

Dorothy Little purchased a mailing list of 2,000 names and addresses for her mail order business, but after scanning the list she doubts the authenticity of the list.She randomly selects five names from the list for validation.If 40% of the names on the list are non-authentic, and x is the number of non-authentic names in her sample, P(x=0) is ______________.

• A)0.8154
• B)0.0467
• C)0.0778
• D)0.4000
• E)0.5000

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Definitions:

Clothing Price

The monetary value at which attire is offered for sale, influenced by factors such as brand, quality, fashion trends, and manufacturing costs.

Food Price

The cost assigned to food items, influenced by factors such as production costs, supply and demand, and market conditions.

Choice Set

The collection of all possible alternatives or options available to a decision-maker.

Price Decreases

A reduction in the cost at which goods and services are sold, typically influencing demand.