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Instruction 6-7
A company has 125 personal computers.The probability that any one of them will require repair on a given day is 0.15.
-Referring to Instruction 6-7 and assuming that the number of computers that requires repair on a given day follows a binomial distribution,compute the probability that there will be more than 25 computers that require repair on a given day using a normal approximation.
Price Wars
A competitive strategy where companies continuously lower prices to outdo competitors, often resulting in reduced profit margins.
Prestige Pricing
Strategies that establish relatively high prices to develop and maintain an image of quality and exclusiveness.
Demonstrations
Public gatherings where individuals display their support or opposition towards a particular cause or policy.
Prospective Clients
Potential customers who have shown interest in a company's products or services but have not yet made a purchase.
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